Mystic Lake Inc bottles and distributes spring water On July 9 of the current year, Mystic Lake reacquired 4,400 shares of its common stock at $84 per share On September 22, Mystic Lake sold 3,100 of the reacquired shares at $91 per share The remaining 1,300 shares were sold at $81 per share on November 23 Question Content Area a Journalize the transactions of July 9, September 22, and November 23 If an amount box does not require an entry, leave it blank Date Account Debit Credit July 9 CashCommon StockPaid In Capital from Sale of Treasury StockRetained EarningsTreasury StockTreasury Stock CashCommon StockPaid In Capital from Sale of Treasury StockRetained EarningsTreasury StockCash Sept 22 CashCommon StockPaid In Capital from Sale of Treasury StockRetained EarningsTreasury StockCash CashCommon StockPreferred StockRetained EarningsTreasury StockTreasury Stock CashCommon StockPaid In Capital from Sale of Treasury StockPreferred StockRetained EarningsPaid In Capital from Sale of Treasury Stock Nov 23 CashCommon StockPreferred StockRetained EarningsTreasury StockCash Common StockPaid In Capital from Sale of Treasury StockPaid In Capital in Excess of Par Common StockPreferred StockRetained EarningsPaid In Capital from Sale of Treasury Stock CashCommon StockPaid In Capital from Sale of Treasury StockRetained EarningsTreasury StockTreasury Stock

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Posted on Jul 18, 2024

Mystic Lake Inc. bottles and distributes spring water. On July 9 of the current year, Mystic Lake reacquired 4,400 shares of its common stock at

Mystic Lake Inc. bottles and distributes spring water. On July 9 of the current year, Mystic Lake reacquired 4,400 shares of its common stock at $84 per share. On September 22, Mystic Lake sold 3,100 of the reacquired shares at $91 per share. The remaining 1,300 shares were sold at $81 per share on November 23.

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a. Journalize the transactions of July 9, September 22, and November 23. If an amount box does not require an entry, leave it blank.

Date	Account	Debit	Credit
July 9	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury StockTreasury Stock
	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury StockCash
Sept. 22	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury StockCash
	CashCommon StockPreferred StockRetained EarningsTreasury StockTreasury Stock
	CashCommon StockPaid-In Capital from Sale of Treasury StockPreferred StockRetained EarningsPaid-In Capital from Sale of Treasury Stock
Nov. 23	CashCommon StockPreferred StockRetained EarningsTreasury StockCash
	Common StockPaid-In Capital from Sale of Treasury StockPaid-In Capital in Excess of Par-Common StockPreferred StockRetained EarningsPaid-In Capital from Sale of Treasury Stock
	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury StockTreasury Stock