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Mystic Lake Inc. bottles and distributes spring water. On July 9 of the current year, Mystic Lake reacquired 5,000 shares of its common stock at
Mystic Lake Inc. bottles and distributes spring water. On July 9 of the current year, Mystic Lake reacquired 5,000 shares of its common stock at $68 per share. On September 22 , Mystic Lake sold 3,500 of the reacquired shares at $76 per share. The remaining 1,500 shares were sold at $65 per share on November 23 . a. Journalize the transactions of July 9 , September 22 , and November 23. If an amount box does not require an entry, leave it blank. b. What is the balance in Paid-in Capital from Sale of Treasury stock on December 31 of the current year
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