Treasury Stock Transactions SprayCo Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On March 9 of the current year, SprayCo reacquired 17,800 shares of its common stock at $27 per share. On June 9, 11,200 of the reacquired shares were sold at $29 per share, and on November 13, 4,300 of the reacquired shares were sold at $31.

Treasury Stock Transactions SprayCo Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On March 9 of the current year, SprayCo reacquired 17,800 shares of its common stock at $27 per share. On June 9, 11,200 of the reacquired shares were sold at $29 per share, and on November 13, 4,300 of the reacquired shares were sold at $31. a. Journalize the transactions of March 9, June 9, and November 13. If an amount box does not require an entry, leave it blank. Mar 9 Treasury Stock 480,600 Cash 480,600 June 9 Cash 324,800 Treasury Stock V Paid-In Capital from Sale of Treasury Stock 302,400 22,400 Nov. 13 Cash 133,300 Treasury Stock O 116,100 16,00 Paid-In Capital from Sale of Treasury Stock 17,200 Feedback Check My Work b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? Credit c. What is the balance in Treasury Stock on December 31 of the current year? Debit