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 13,200 shares of its common stock at $26 per share. On June 9, 8,300 of the reacquired shares were sold at $28 per share, and on November 13, 3,200 of the reacquired shares were sold at $30. 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 Cash June 9 Cash Treasury Stock Paid-In Capital from Sale of Treasury Stock Nov. 13 Cash Treasury Stock Paid-In Capital from Sale of Treasury Stock 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? the reacquire on November 13, 3,200 of the reacquired shares were sold at $30. a. Journalize the transactions of March 9, June 9, and November 13. If an amount box does not re Mar. 9 Treasury Stock Cash June 9 Cash Treasury Stock Paid-In Capital from Sale of Treasury Stock Nov. 13 Cash Treasury Stock Paid-In Capital from Sale of Treasury Stock 000 b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current 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? As an asset As an addition to stockholders' equity As common stock in the stockholders' equity section As a deduction from stockholders' equity As a liability