Marketsite,Inc $\$ 5$ Par Value Common Stock as Treasury Stock, Paying Cash Of 3

question 148

Essay

Marketsite,Inc.completed the following treasury stock transactions in 2018:
June. 3 Purchased 2,000 shares of the company's $\$ 5$ par value common stock as treasury stock, paying cash of $\$ 15$ per share.
June 14 Sold 800 shares of the treasury stock for cash of $\$ 20$ per share. Journalize these transactions.Explanations are not required.
How will Marketsite,Inc.report treasury stock on its balance sheet as of December 31,2018?

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Definitions:

Project Schedules

Detailed plans that outline the tasks, durations, dependencies, and resources needed to complete a project within a specified timeframe.

Contingency Time

A reserve time added to a project's schedule to account for potential unforeseen delays.

Late Start Dates

The latest possible dates by which an activity within a project can begin without delaying the project completion.

Complexity Profile

An assessment or understanding of the various factors that contribute to a project's complexity, including technical challenges, stakeholder diversity, and scope volatility.