Lawn Spray Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On January 31 of the current year, Lawn Spray Inc. reacquired 15,100 shares of its common stock at $36 per share. On June 14, 9,500 of the reacquired shares were sold at $38 per share, and on November 23, 3,600 of the reacquired shares were sold at $41. a. Journalize the transactions of January 31, June 14, and November 23. For a compound transaction, if an amount box does not require an entry, leave it blank. 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 dd6810fe4016049_1 c. What is the balance in Treasury Stock on December 31 of the current year? $fill in the blank dd6810fe4016049_3
Lawn Spray Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On January 31 of the current year, Lawn Spray Inc. reacquired 15,100 shares of its common stock at $36 per share. On June 14, 9,500 of the reacquired shares were sold at $38 per share, and on November 23, 3,600 of the reacquired shares were sold at $41.
a. Journalize the transactions of January 31, June 14, and November 23. For a compound transaction, if an amount box does not require an entry, leave it blank.
b. What is the balance in Paid-In Capital from Sale of
$fill in the blank dd6810fe4016049_1
c. What is the balance in Treasury Stock on December 31 of the current year?
$fill in the blank dd6810fe4016049_3
d. How will the balance in Treasury Stock be reported on the balance sheet?
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