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Mystic Lake Inc. bottles and distributes spring water. On July 9 of the current year, Mystic Lake reacquired 3 , 8 0 0 shares of

Mystic Lake Inc. bottles and distributes spring water. On July 9 of the current year, Mystic Lake reacquired 3,800 shares of its common stock at $78 per share. On September 22, Mystic Lake sold 2,700 of the reacquired shares at $87 per share. The remaining 1,100 shares were sold at $74 per share on November 23.
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a. Journalize the transactions of July 9, September 22, and November 23. If an amount box does not require an entry, leave it blank.
DateAccountDebitCredit
July 9
Sept. 22
Nov. 23
Question Content Area
b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year?
fill in the blank 1 of 1$

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