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Mystic Lake Inc. bottles and distributes spring water. On July 9 of the curent year, Mystic Lake reactured 5,000 shares of its ce stock

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Mystic Lake Inc. bottles and distributes spring water. On July 9 of the curent year, Mystic Lake reactured 5,000 shares of its ce stock at 855 per share. On September 22, Mystic Lake sold 3,000 of the reacquired the $59 per share. The remaining 1,700 shares were said at $53 per share on November 23 Joumalize the transactions of July 9, September 22, and November 23. If an amount box does not require an entry, leave it blank July 9 Tep Nov 23 What is the back in his In Capital em Sale of Treasury Stock December 11 of the rent year For what reagons might Mystic Lake Inc. have purchased the treasury stick

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