Question

More llarga. Besmire ne compted to breasury stock ansactions in 2016 Click the icon to view the ramacion) Der 1 2. Journal these action Explanations are not required How will remembe, Inc report treasury stack on isolance sheets of December 31 1 Pedased 1.600 shares of the company's 51 par valore common stock as breasury Mack, paying cash of por share 15 S400 shares of the treasury stock for cash of 11 per share 20 Sold 1,000 shares of the treasury stock for cash of 4 pershare (me the balance in Paldin Capital from Treasury Stock Transactions on December 20 is $2.200) Requirement 1. Journalize these tractions (Record details test the credits Exclude explanations to Dec 1 Phase 1.600 shares of the company's si per valore common stock as treasury stock paying cash Accounts and Explanation Crea Done Dec 15 S400 shares of the true stock for cash of 511 per share Date Accounts and Explanation Debi Credit Det 15 Dec 20 51.000 shares of the wory stock for cash of pershare. Assume the balance in Paldin Capital from Treasury Stock Transactions on December 20 is 2.200) Dan Accounts and Emplon Crede Doc 20 Requirement. How will again Basura. Inc. reportery stack on its balance sheet as of December 2016 Bargement Furniture. The will report treasury stock on the balance sheets to total techos equity

Answer 1

Date	Account Titles & Explanation	Debit ($)	Credit ($)
Dec-01	Treasury Stock	12800
	Cash		12800
Dec-15	Cash	4400
	Treasury Stock		3200
	Paid in capital from Treasury stock		1200
Dec-20	Cash	4000
	Paid in Capital from Treasury Stock	4000
	Treasury stock		8000

Treasury stock be shown as Deduction from Total Paid in Capital & Retained Earnings.