Question: 1) Suppose Fitness and Seamless Fashion Corporation paid $20.50 per share for 750 shares of its own common stock on September 30, 2011, and then resold these treasury shares for $23.00 per share on October 25, 2011. Show the transaction on October 25, 2011, in the accounting equation. What effect do these transations have on the shareholders' equity section of the balance sheet at October 31, 2011?
2) Treasury Stock holdings for the company are shown as _______ in the total of __________ on the balance sheet.