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During its first year of operations, Concord Corporation had these transactions pertaining to its common stock. Jan. 10 Issued 26,700 shares for cash at $4

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During its first year of operations, Concord Corporation had these transactions pertaining to its common stock. Jan. 10 Issued 26,700 shares for cash at $4 per share. July 1 Issued 58,500 shzres for cash at $7 per share. Prepare a tabular summary to record the transactions, assuming that the common stock has a par value of $3 per share. Include margin explanations for the changes in revenues and expenses. (If a transaction couses a decrease in Assets, Liabilities or Stockholders' Equity. ploce a negative sign (or parentheses) in front of the amount entered for the porticular Asset, Liability or Equity item that was reduced.) Prepare a tabular summary to record the transactions, assuming that the common stock has a par value of $3 per share. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Prepare a tabular summary to record the transactions, assuming that the common stock has a par value of $3 per share. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)

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