1. 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 17,700 shares of its common stock at $23 per share. On June 9, 11,200 of the reacquired shares were sold at $25 per share, and on November 13, 4,200 of the reacquired shares were sold at $26.

   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		fill in the blank 0b4f05fdafe4fe2_2	fill in the blank 0b4f05fdafe4fe2_3
   		fill in the blank 0b4f05fdafe4fe2_5	fill in the blank 0b4f05fdafe4fe2_6
   June 9		fill in the blank 0b4f05fdafe4fe2_8	fill in the blank 0b4f05fdafe4fe2_9
   		fill in the blank 0b4f05fdafe4fe2_11	fill in the blank 0b4f05fdafe4fe2_12
   		fill in the blank 0b4f05fdafe4fe2_14	fill in the blank 0b4f05fdafe4fe2_15
   Nov. 13		fill in the blank 0b4f05fdafe4fe2_17	fill in the blank 0b4f05fdafe4fe2_18
   		fill in the blank 0b4f05fdafe4fe2_20	fill in the blank 0b4f05fdafe4fe2_21
   		fill in the blank 0b4f05fdafe4fe2_23	fill in the blank 0b4f05fdafe4fe2_24

   b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? $fill in the blank edf270094fcffe4_1

   c. What is the balance in Treasury Stock on December 31 of the current year? $fill in the blank edf270094fcffe4_3

   d. How will the balance in Treasury Stock be reported on the balance sheet?