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Wn Spray Inc. develops and produces spraying equipment for lawn maintenance and industrial uses, On January 31 of the current year, Lawn Spray Inc. reacquired 1,500 shares of its common stock at $28 per share. On June 14, 7,200 of the reacquired shares were sold at $31 per share, and on November 23,2,800 of the acquired shares were sold at $30. Journalize the transactions of January 31, June 14, and November 23. For a compound transaction, if an amount box does not require an entry, leave it blank. J T Blealy work The repurchase of shares, known as treasury stock, is typically recorded using the cost method. When the treasury stock is resold, what is the company receiving? What is it giving up? Keep in mind the price paid to buy the treasury stock and the price the shares are resold for at a later date. b. What is the balance in Paig-1n Copetal from Sale of Treasury 5 tock on December 31 of the current year