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1. Conner Company began business on January 1 by issuing all of its 1,150,000 authorized shares of its $1 par value common stock for $22

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1. Conner Company began business on January 1 by issuing all of its 1,150,000 authorized shares of its $1 par value common stock for $22 per share. 2. On June 30, Conner declared a cash dividend of $1.50 per share to stockholders of record on July 31. 3. Conner paid the cash dividend on August 30. 4. On November 1, Conner reacquired 230,000 of its own shares of stock for $27 per share. 5. On December 22, Conner resold 115,000 of these shares for $33 per share. Prepare all of the necessary journal entries to record the 5 transactions above. Indicate debits with DR and credits with CR

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