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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 6,700 shares of its

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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 6,700 shares of its common stock at $53 per share. On September 22, Mystic Lake sold 4,700 of the reacquired shares at $7 per share. The remaining 2,000 shares were sold at $50 per share on November 23 . a. Joumalize the transactions of July 9, September 22, and November 23. If an amount box does not require an entry, leave it blank. b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year

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