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Concord Corporation was organized on January 1, 2022. It is authorized to issue 22,300 shares of 6%,$53 par value preferred stock and 467.000 shares of

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Concord Corporation was organized on January 1, 2022. It is authorized to issue 22,300 shares of 6%,$53 par value preferred stock and 467.000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 73,500 shares of common stock for cash at $6 per share. Mar. 1 Issued 1,270 shares of preferred stock for cash at $57 per share. May 1 Issued 118,500 shares of common stock for cash at $7 per share. Sept. 1 Issued 5,700 shares of common stock for cash at $9 per share. Nov. 1 Issued 3,700 shares of preferred stock for cash at $57 per share. (a) Prepare a tabular summary to record the transactions. (If a transoction couses a decrease in Assets, Liabilities or Stockholders' Equity. place a negative sign (ar parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Cash Common Stock PIC in Exces: Valuec Jan10 Mar. 1 May 1 Sept 1 Nov, 1 Total eTextbook and Media List of Accounts Sive for Later Attempts: 0 of 3 used Submit Answer Retained Earnings

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