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 16,500 shares of Its common stock at $28 per share on June 9, 10,400 of the reacquired shares were sold at $31 per shore, and on November 13, 4,000 of the reacquired shares were sold at $30 a. Journalize the transactions of March 9, June 9, and November 13, 1 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 I) II) II1 010 Nov. 13 Cash Treasury Stock Paid In Capital from Sale of Treasury Stock The repurchase of shares, known as treasury stock. Is typically recorded using the cost method. When the treasury stock is resold, what is the company receiving? What is it giving up? Keep in mind the price paid to buy the treasury stock and the price the shares are resold for at a later date. Learning Objectives, learning Objective . What is the balance in Main Capital from Sale of Treasury Stock on December 31 of the current year Credit Check My Work