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Treasury Stock Transactions Mystic Lake Inc. bottles and distributes spring water. On July 9 of the current year, Mystic Lake reacquired 7,100 shares of
Treasury Stock Transactions Mystic Lake Inc. bottles and distributes spring water. On July 9 of the current year, Mystic Lake reacquired 7,100 shares of its common stock at $56 per share. On September 22, Mystic Lake sold 5,000 of the reacquired shares at $62 per share. The remaining 2,100 shares were sold at $53 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 Treasury Stock Cash Sept. 22 Cash Treasury Stock Paid-In Capital from Sale of Treasury Stock Nov. 23 Cash Paid-In Capital from Sale of Treasury Stock Treasury Stock
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