Treasury Stock Transactions

Sun Dance Gardens Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On June 3 of the current year, Sun Dance Gardens Inc. reacquired 10,900 shares of its common stock at $44 per share.

a. What is the balance of Treasury Stock on December 31 of the current year? $

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

an increase in an asseta decrease in a liabilityan increase in stock issueda decrease in total stockholders' equity

c. Assume that Sun Dance Gardens sold 6,900 shares of its treasury stock at $47 on November 2. What accounts would be affected by the sale of the treasury stock?

Sun Dance Gardens Inc. develops and produces spraying equipment for lawn mail a. What is the balance of Treasury Stock on December 31 of the current year? X b. How will the balance in Treasury Stock be reported on the balance sheet? c. Assume that Sun Dance Gardens sold 6,900 shares of its treasury stock at $47 Paid-In Capital from Treasury Stock by $ Cash by $ Treasury Stock