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 12,900 shares of its common stock at $39 per share. On June 9, 8,100 of the reacquired shares were sold at $41 per share, and on November 13, 3,100 of the reacquired shares were sold at $45.

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 78fd7106b01dfbd_2
			fill in the blank 78fd7106b01dfbd_4
June 9		fill in the blank 78fd7106b01dfbd_6	fill in the blank 78fd7106b01dfbd_7
		fill in the blank 78fd7106b01dfbd_9	fill in the blank 78fd7106b01dfbd_10
		fill in the blank 78fd7106b01dfbd_12	fill in the blank 78fd7106b01dfbd_13
Nov. 13		fill in the blank 78fd7106b01dfbd_15	fill in the blank 78fd7106b01dfbd_16
		fill in the blank 78fd7106b01dfbd_18	fill in the blank 78fd7106b01dfbd_19
		fill in the blank 78fd7106b01dfbd_21	fill in the blank 78fd7106b01dfbd_22

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 28a493031fea071_1

c. What is the balance in Treasury Stock on December 31 of the current year? $fill in the blank 28a493031fea071_3

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