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Treasury stock transactions Journal Instructions November 2 3 , 5 , 1 0 0 of the reacquired shares were sold at $ 2 0 .

Treasury stock transactions
Journal
Instructions November 23,5,100 of the reacquired shares were sold at $20.
Required:
a. Journalize the transactions of January 31, June 14, and November 23. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
c. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year?
b. 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?
Journal CNOW journals will automatically indent a credit entry when a credit amount is entered.
\table[[,,,,,,,PAGE 10],[,,,,,,ACCOU,JNTING EQUATION],[,DATE,DESCRIPTION,\table[[POST.],[REF.]],DEBIT,CREDIT,ASSETS,LIABILITIMEQUITY],[1,,,,,,,],[2,,,,,,,],[3,,,,,,,],[4,,,,,,,],[5,,,,,,,],[6,,,,,,,],[7,,,,,,,],[8,,,,,,,]]
Final Questions
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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