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Treasury Stock Transactions Lava Lake Inc. bottles and distributes spring water. On February 11 of the current year, Lava Lake reacquired 6,500 shares of its

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Treasury Stock Transactions Lava Lake Inc. bottles and distributes spring water. On February 11 of the current year, Lava Lake reacquired 6,500 shares of its common stock at $89 per share. On April 30, Lava Lake Inc. sold 4,600 of the reacquired shares at $99 per share. On August 22, Lava Lake Inc. sold 1,900 shares at $84 per share. a. Journalize the transactions of February 11, April 30, and August 22. If an amount box does not require an entry, leave it blank Feb. 11 Treasury Stock Cash Apr 30 Cash Treasury Stock 10 100 101 11 110 100 Paid-In Capital from Sale of Treasury Stock Aug 22 Cash ED Paid-In Capital from Sale of treasury Stock Treasury Stock

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