Question: Need help with a & c. Treasury Stock Transactions Sun Dance Gardens Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On

Need help with a & c. Treasury Stock Transactions Sun Dance GardensNeed help with a & c.

Treasury Stock Transactions Sun Dance Gardens Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On June 3 of the current year, Sun Dance Gardens Inc. reacquired 16,800 shares of its common stock at $35 per share. Sun Dance had not previously purchased any treasury shares. a. What is the balance of Treasury Stock on December 31 of the current year? b. How will the balance in Treasury Stock be reported on the balance sheet? a decrease in total stockholders' equity C. Assume that Sun Dance Gardens sold 10,600 shares of its treasury stock at $38 on November 2. What accounts would be affected by the sale of the treasury stock? Paid-In Capital from Treasury Stock increases by $ Cash increases by $ Treasury Stock decreases by $

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