SprayCo Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On March $9$ of the current year, SprayCo reacquired $62,000$ shares of its common stock at $$51$ per

share. On June $9,48,000$ of the reacquired shares were sold at $$60$ per share, and on November $13,7,500$ of the reacquired shares were sold at $$54.$

a$.$ Journalize the transactions of March $9,$ June $9,$ and November $13.$ If an amount box does not require an entry, leave it blank.

Mar. $9$

Mar. $9$

June $9$

Nov. $13$

b$.$ What is the balance in Paid$-$In Capital from Sale of Treasury Stock on December $31$ of the current year?

$

c$.$ What is the balance in Treasury Stock on December $31$ of the current year?

b$.$ What is the balance in Paid$-$In Capital from Sale of Treasury Stock on December $31$ of the current year?

$

c$.$ What is the balance in Treasury Stock on December $31$ of the current year?

$

d$.$ How will the balance in Treasury Stock be reported on the balance sheet?

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