This Question: 1 pt 12 of 15 (0 complete) Cheap Discount Furniture, Inc. completed the following treasury stock transactions in 2018: (Click the icon to view the transactions.) Requirements 1. Journalize these transactions. Explanations are not required. 2. How will Cheap Discount Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2018? Requirement 1. Journalize these transactions. (Record debits first, then credits. Exclude explanations from any journal entries.) Dec. 1: Purchased 1.700 shares of the company's S1 par value common stock as treasury stock, paying cash of $8 per share. Date Accounts Debit Credit Dec. 1 Dec. 15: Sold 800 shares of the treasury stock for cash of $11 per share - X More Info Date Accounts Debit Credit Dec. 15 Dec 1 Purchased 1,700 shares of the company's $1 par value common stock as treasury stock, paying cash of $8 per share. 15 Sold 800 shares of the treasury stock for cash of $11 per share 20 Sold 800 shares of the treasury stock for cash of S4 per share. (Assume the balance in Paid-In Capital from Treasury Stock Transactions on December 20 is $2.800.) Dec. 20: Sold 800 shares of the treasury stock for cash of $4 per share. (Assume the balance in Paid-in Capital from Treasury Stock Transactions on December 20 is $2.800.) Date Accounts Debit Credit Print Done Dec. 20 Requirement 2. How will Cheap Discount Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2018? Cheap Discount Furniture, Inc. will report treasury stock on the balance sheet as to total stockholders equity. Cash 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 ParCommon Retained Earnings Treasury Stock-Common