They Transactions Sprayco Inc. develops and produces trying equipment for lawn maintenance and Industrial uses on March of the current year, SprayCorracquired 15,600 shares of its com a $2 per share on 5,9,000 of the racquired shares were sold at 45 per share, and on November 13, 3,700 of the rescured shares were sold at $45 .. unle the transactions of March 9, June 9, and November 13. If an amount box does not requirementy, fewe bank Mor Treasury Stock Cash Jus Cash Treasury Stock Paldin Capital from Sale of Treasury Stock O III III III No. 13 Cash Treasury Stock Paid In Capital from Sale of Treasury stack The repurchase of shares, nown as treasury stock, is typicwly recorded using the cost method. When the treasury stock is resold, what is the company receiving Whet in mind the price paid to the treasury stack and the price the shares are resold for at a later date Leaming Ohjet 5. Learning Previous Next > Check My Work paid to buy Learning Objective 5, Learning Objective 6. b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? Credit c. What is the balance in Treasury Stock on December 31 of the current year? Debit d. How will the balance in Treasury Stock be reported on the balance sheet? As a deduction from stockholders' equity Feedback Check My Work Consider what entries might have affected the value of the Treasury Stock account. Review the presentation of stockholder's equity and treasury stock on the balance sheet. Learning Objective 5, Learning Objective 6. Feedback Check My Work Partially correct