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SprayCo Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On March 9 of the current year, SprayCo reacquired 1 4 ,

SprayCo Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On March 9 of the current year, SprayCo reacquired 14,600 shares of its common stock at $45 per share. On June 9,9,200 of the reacquired shares were sold at $49 per share, and on November 13,3,500 of the reacquired shares were sold at $48.
Question Content Area
a. Journalize the transactions of March 9, June 9, and November 13. If an amount box does not require an entry, leave it blank.
DateAccountDebitCredit
Mar. 9
June 9
Nov. 13
Question Content Area
b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year?
fill in the blank 1 of 2$
c. What is the balance in Treasury Stock on December 31 of the current year?
fill in the blank 2 of 2$
d. How will the balance in Treasury Stock be reported on the balance sheet?

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