Business, 10.09.2019 05:30 buky0910p6db44

Lava lake inc bottles and distributes spring water. om february 11 of the current year. lava lake required 180,000 shares of common stock at$17 per share. on april 30th lava lake inc. sold 90,000 of reacquired shares at $20 per share. on august 22nd lava lnc sold 30,000 shares at $15 per share.
a. journalize the transactions of february 11,april 30 and august 22.
b. what is the balance in paid in capital from sale
treasury stock on december 31 of the current year?
c. for what reason might lava lake inc have purchased the treasury stock?

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Lava lake inc bottles and distributes spring water. om february 11 of the current year. lava lake re...

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