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(2 points) Larkspur Inc. has outstanding 14,500 shares of $10 par value common stock. On July 1, 2017, Larkspur reacquired 400 shares at $45 per

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(2 points) Larkspur Inc. has outstanding 14,500 shares of $10 par value common stock. On July 1, 2017, Larkspur reacquired 400 shares at $45 per share. On September 1, Larkspur reissued 120 shares at $55 per share. On November 1, Larkspur reissued 110 shares at $26 per share. There was no balance in the Pain-In Capital from Treasury Stock account on July 1, 2017. Prepare Larkspur's journal entries to record these transactions using the cost method. July 1, 2017 entry Accounts Debits Credits September 1, 2017 entry Accounts Debits Credits November 1, 2017 entry Accounts Debits Credits

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