Requirements 1. Jumalize these transactions. Explanations are not required. 2. How will Bargain Basement Furniture, Inc....

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Requirements 1. Jumalize these transactions. Explanations are not required. 2. How will Bargain Basement Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2016? Requirement 1. Journalize these transactions. (Record debits first, then credits. Exclude explanations from any journal entries.) Dec. 1: Purchased 1,400 shares of the company's $1 par value common stock as treasury stock, paying cash of $8 per share. Date Dec. 1 Accounts and Explanation Debit Credit Requirements 1. Jumalize these transactions. Explanations are not required. 2. How will Bargain Basement Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2016? Requirement 1. Journalize these transactions. (Record debits first, then credits. Exclude explanations from any journal entries.) Dec. 1: Purchased 1,400 shares of the company's $1 par value common stock as treasury stock, paying cash of $8 per share. Date Dec. 1 Accounts and Explanation Debit Credit