Treasury stock transactions Mystic Lake Inc. bottles and distributes spring water. On July 9 of the...
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Treasury stock transactions Mystic Lake Inc. bottles and distributes spring water. On July 9 of the current year, Mystic Lake reacquired 4,300 shares of its common stock at $70 per share. On September 22, Mystic Lake sold 3,000 of the reacquired shares at $78 per share. The remaining 1,300 shares were sold at $67 per share on November 23.0 a. Journalize the transactions of July 9, September 22, and November 23. If an amount box does not require an entry, leave it blank. July 9 Treasury Stock Cash Sept. 22 Cash 301.000 301.000 V 234.000 210,000 24,000 Treasury Stock Paid-In Capital from Sale of Treasury Stock Nov. 23 Cash 87.100 Paid-In Capital from Sale of Treasury Stocks Treasury Stock 91.000 Treasury stock transactions Mystic Lake Inc. bottles and distributes spring water. On July 9 of the current year, Mystic Lake reacquired 4,300 shares of its common stock at $70 per share. On September 22, Mystic Lake sold 3,000 of the reacquired shares at $78 per share. The remaining 1,300 shares were sold at $67 per share on November 23.0 a. Journalize the transactions of July 9, September 22, and November 23. If an amount box does not require an entry, leave it blank. July 9 Treasury Stock Cash Sept. 22 Cash 301.000 301.000 V 234.000 210,000 24,000 Treasury Stock Paid-In Capital from Sale of Treasury Stock Nov. 23 Cash 87.100 Paid-In Capital from Sale of Treasury Stocks Treasury Stock 91.000
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