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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 3,800 shares of

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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 3,800 shares of its common stock at $63 per share. On September 22, Mystic Lake sold 2,700 of the reacquired shares at $68 per share. The remaining 1,100 shares were sold at $59 per share on November 23. 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 Nov. 23 What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year For what might Mystic Lake lichave purchased the treasury stock

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