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Cheap Quality Furriture, Inc, completod the following freasury stock trarsactions in 2024: (1) (Click the icon to view the transactions) Requirements 1. Journdize those transactions. Explanations are not required. 2. How will Cheap Quality Furriture, inc. report treasury stock on its balance shoet as of December 31, 2024? Requirement 1. Journalize these transactions. (Recood debits frst, then credits. Exolude explanations from any foumal entries) Dec. 1: Purchased 1,300 shares of the company's 31 par value coermos stock as treasury stock, prying cash of 56 per share. More info Dec. 1 Purchased 1,300 shaces of the company's 51 par vilue common thok as treasury stock. poying cosh of 10 per share Dec. 15 Sold 200 shares of the treasury stock loe cash of $9 per share. Dec. 20 Sold 500 shares of the treasury stock for cash of 31 per share. (Aswme the buance in) Padiun Captal from Treasury Stock Transactions on December 20 is 52.000.) Common Stock-\$1 Par Value Common Stock Dividend Distributable Dividends Payable-Common Paid-In Capital from Treasury Stock Transactions Paid-In Capital in Excess of Par-Common Retained Earnings Treasury Stock-Common Paid-In Capital from Treasury Stock Transactions on December