Concord Inc. has outstanding 11,800 shares of $10 par value common stock. On July 1, 2025,...
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Concord Inc. has outstanding 11,800 shares of $10 par value common stock. On July 1, 2025, Concord reacquired 104 shares at $88 per share. On September 1, Concord reissued 61 shares at $94 per share. On November 1, Concord reissued 43 shares at $85 per share. Prepare Concord's journal entries to record these transactions using the cost method. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation Debit Credit Concord Inc. has outstanding 11,800 shares of $10 par value common stock. On July 1, 2025, Concord reacquired 104 shares at $88 per share. On September 1, Concord reissued 61 shares at $94 per share. On November 1, Concord reissued 43 shares at $85 per share. Prepare Concord's journal entries to record these transactions using the cost method. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation Debit Credit
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