On January 1, Bartov Company issues 5,000 shares of ($ 100) par value preferred stock at ($

Question:

On January 1, Bartov Company issues 5,000 shares of $\$ 100$ par value preferred stock at $\$ 250$ cash per share. On March 1, the company repurchases 5,000 shares of previously issued $\$ 1$ par value common stock at $\$ 83$ cash per share. Use the financial statement effects template to record these two transactions.

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