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.

Journalize the missing transactions of March 9, June 9, and November 13.

DateAccountDebitCredit Mar. 9 Treasury Stock 3,162,000 0

Cash 0 3,162,000

June 9 Cash 2,880,000 0

Treasury Stock 0 2,448,000

Paid-In Capital from Sale of Treasury Stock 0 432,000

Nov. 13 Cash 405,000 0

Treasury Stock (Fill in the Blank)

Paid-In Capital from Sale of Treasury Stock (Fill in the blank)

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

(fill in the blank)

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

(fill in the blank)