1. Journalize these transactions. Explanations are not required. 2. How will Bargain Central Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2024? Date Dec. 1 Date Dec. 15 Accounts Treasury Stock-Common Cash Date Dec. 20 Dec. 15: Sold 500 shares of the treasury stock for cash of $10 per share. Cash Accounts Treasury Stock-Common Paid-In Capital from Treasury Stock Transactions Debit Accounts 10,500 Cash Paid-In Capital from Treasury Stock Transactions Retained Earnings Treasury Stock-Common Debit 5,000 Dec. 20: Sold 600 shares of the treasury stock for cash of $3 per share. (Assume the balance in Paid-In Capital from Treasury Stock Transactions on December 20 is $2,000.) Debit Credit 1,800 10,500 Credit 3,500 1,500 Credit

1. Journalize these transactions. Explanations are not required. 2. How will Bargain Central Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2024? Dec. 15: Sold 500 shares of the treasury stock for cash of $10 per share. Dec. 20: Sold 600 shares of the treasury stock for cash of $3 per share. (Assume the balance in Paid-In Capital from Treasury Stock Transactions on December 20 is $2,000