Concord Corporation has outstanding 22,000 shares of $5 par value common stock. On August 1, 2025, Concord reacquired 180 shares at $80 per share. On November 1, Concord reissued the 150 shares at $70 per share. Concord had no previous treasury stock transactions. Prepare the entry to retire the treasury shares remaining following the November 1, 2025, reissuance. The shares were initially issued for $55 per share. (List all debit entries before credit entries. 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.)

Concord Corporation has outstanding 22,000 shares of $5 par value common stock. On August 1, 2025, Concord reacquired 180 shares at $80 per share. On November 1, Concord reissued the 150 shares at $70 per share. Concord had no previous treasury stock transactions. Prepare the entry to retire the treasury shares remaining following the November 1, 2025, reissuance. The shares were initially issued for $55 per share. (List all debit entries before credit entries. 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.)