Treasury Stock Transactions Mystic Lake Inc. bottles and distributes spring water. On July 9 of the current year, Mystic Lake reacquired 3,900 shares of its common stock at $82 per share on September 22, Mystic Lake sold 2,700 of the reacquired shares at $92 per share. The remaining 1,200 shares were sold at $79 per share on November 23, a. Journalize the transactions of July 9, September 22, and November 23. If an amount box does not require an entry, leave It blank. July 9 Sept. 22 II III III Nov. 23 b. What is the balance in Pald-In Capital from Sale of Treasury Stock on December 31 of the current year? c. For what reasons might Mystic Lake Inc. have purchased the treasury stock? Check My Work Previous