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Brief Exercise 15-8 Flounder Inc. has outstanding 15,000 shares of $10 par value common stock. On July 1, 2017, Flounder reacquired 108 shares at $87

Brief Exercise 15-8 Flounder Inc. has outstanding 15,000 shares of $10 par value common stock. On July 1, 2017, Flounder reacquired 108 shares at $87 per share. On September 1, Flounder reissued 63 shares at $91 per share. On November 1, Flounder reissued 45 shares at $84 per share. Prepare Flounders journal entries to record these transactions using the cost method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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