Company develops and produces spraying equipment for lawn maintenance and industrial uses. On March 9 of the current year, Company reacquired 12,700 shares of its common stock at $38 per share. On June 9, 8,000 of the reacquired shares were sold at $41 per share, and on November 13, 3,000 of the reacquired shares were sold at $44.

a. Journalize the transactions of March 9, June 9, and November 13. If an amount box does not require an entry, leave it blank. DateAccountDebitCredit Mar. 9 June 9 Nov. 13

Debit Credit

March 9. Treasury Stock :

Cash :

June 9. Cash :

Treasury Stock :

Paid-In Capital from Sale of Treasury Stock :

Nov 13. Cash :

Treasury Stock :

Paid-In Capital from Sale of Treasury Stock :

b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year?

$_________. Credit

c. What is the balance in Treasury Stock on December 31 of the current year?

$_________. Debit