Concord Corporation has 751,000 shares outstanding. The shares have an average cost of $44 per share. On September 5, 2020, the company repurchases 1,340 of its own shares at $78 per share and does not cancel them. The shares are classified as treasury shares. On November 20, 2020, the company resells 1,020 of the treasury shares at $58 per share. Prepare the journal entries for the repurchase and subsequent sale of the treasury shares. (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 journal entries in the order presented in the problem.) Date Account Titles and Explanation Sept. 5 Nov. 20 Debit Credit