eBook Show Me How Treasury Stock Transactions Mystic Lake Inc, bottles and distributes spring water.
eBook Show Me How Treasury Stock Transactions Mystic Lake Inc, bottles and distributes spring water. On July 9 of the current year, Mystic Lake reacquired 4,400 shares of its common stock at 584 per share. On September 22, Mystic Lake sold 3,100 of the reacquired shares at $91 per share. The remaining 1,300 shares were sold at $80 per share on November 23 a. Journalize the transactions of July 9, September 22, and November 23. If an amount box does not require an entry, teave It blank July 9 Sept. 22 Nov. 23 H1 w b. What is the balance in Pald-in Capital from Sale of Treasury Stock on December 31 of the current year? c. For what reasons might Mystic Lake Inc. have purchased the treasury stock? May 16 2022 03:11 PM
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