Question
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
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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 12,300 shares of its common stock at $37 per share. On June 9, 7,700 of the reacquired shares were sold at $39 per share, and on November 13, 3,000 of the reacquired shares were sold at $43.
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 June 9 Nov. 13 b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? $
c. What is the balance in Treasury Stock on December 31 of the current year? $
d. How will the balance in Treasury Stock be reported on the balance sheet?
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Performance Audit Department Of Highways Preconstruction And Construction Activities
Authors: Montana. Legislature. Office Of The Legi
1st Edition
1175365823, 978-1175365828
