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Concord Corporation purchased from its stockholders5,600shares of its own previously issued stock for $291,200. It later resold1,825shares for $55per share, then1,825more shares for $50per share,
Concord Corporation purchased from its stockholders5,600shares of its own previously issued stock for $291,200. It later resold1,825shares for $55per share, then1,825more shares for $50per share, and finally1,950shares for $44per share.
Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock.
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