Question: Please complete Requirements Journalize these transactions. Explanations are not required. 2. How will Discount Center Furniture, Inc. report treasury stock on its balance sheet as

Please complete

Please complete Requirements Journalize these transactions. Explanations are not required. 2. How

Requirements Journalize these transactions. Explanations are not required. 2. How will Discount Center Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2018? Requirement 1. Journalize these transactions. (Record debits first, then credits. Exclude explanations from any journal entries.) Dec. 1: Purchased 1,000 shares of the company's $1 par value common stock as treasury stock, paying cash of $6 per share. Date Accounts Debit Credit X Dec. 1 Treasury Stock- Common 6.000 More info Cash 6,000 Purchased 1,000 shares of the company's $1 par value common stock Dec. 1 as treasury stock, paying cash of $6 per share. Dec. 15 Sold 200 shares of the treasury stock for cash of $9 per share. Dec. 15: Sold 200 shares of the treasury stock for cash of $9 per share. Sold 700 shares of the treasury stock for cash of $1 per share. (Assume Date Accounts Debit Credit the balance in Paid-In Capital from Treasury Stock Transactions on Dec. 20 December 20 is $1,800.) Dec. 15 Cash Treasury Stock-Common Print Done Paid-In Capital from Treasury Stock Transactions Clear all Check answer Help me solve this Demodocs example Get more help

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