Instructions X Yard Spray Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On January 31 of the current year, Yard Spray Inc. reacquired 19,500 shares of its common stock at $22 per share. On June 14, 13,400 of the reacquired shares were sold at $24 per share, and on November 23, 5,000 of the reacquired shares were sold at $23. Required: a. Journalize the transactions of January 31, June 14, and November 23. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. c. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? b.. What is the balance in Treasury Stock on December 31 of the current year? d. How will the balance in Treasury Stock be reported on the balance sheet?

Yard Spray tre develogs and produces spraykg equpenent for tawn maintenance and industrai uses On January 31 of the curremt year, Yard Spray lne reacquied 19.500 shares of ts 522 per share On June 14, 13,400 of the reacqueed thares wore soid at 524 per share, and an November 23,5,000 of the feacquied shares were soid at 523 . Required: aultumatcoly notert a cerar enty when a cedr amount is entered c. What a the bance in Eadm. Gaptar thom save of Teasur Sbock on December Jr of the current year? 0. What a me barance in Drasury stick on Deoember 2t of the cument yeart A How we the baikse an firasur stock be reported on me baiance anee?? CHART OF ACCOUNTS Yard Spray Inc. General Ledger ASSETS 110 Cash 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Office Supplies 151 Prepaid Insurance 181 Land 193 Equipment 194 Accumulated Depreciation-Equipment REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Selling Expenses 534 Rent Expense LIABILITIES 210 Accounts Payable 221 Notes Payable 226 Interest Payable 231 Cash Dividends Payable 241 Salaries Payable 261 Mortgage Note Payable EQUITY 311 Common Stock 312 Paid-In Capital.in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid-In Capital in Excess of Par-Preferred Stock 331 Pald-In Capital from Sale of Treasury Stock 340 Retained Earnings 535 Insurance Expense 536 Office Supplies Expense 537 Organizational Expenses 562 Depreciation Expense-Equipment 590 Miscellaneous Expense 710 Interest Expense 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid-In Capital in Excess of Par-Preferred Stock 331 Paid-In Capital from Sale of Treasury Stock 340 Retained Earnings 350 Stock Dividends Distributable 351 Cash Dividends 352 Stock Dividends