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Exercise 13-07 a-b On January 1, 2020, the stockholders' equity section of Concord Corporation shows common stock ($6 par value) $1,800,000; paid-in capital in excess

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Exercise 13-07 a-b On January 1, 2020, the stockholders' equity section of Concord Corporation shows common stock ($6 par value) $1,800,000; paid-in capital in excess of par $1,030,000; and retained earnings $1,210,000. During the year, the following treasury stock transactions occurred. Mar. 1 Purchased 50,000 shares for cash at $15 per share. July 1 Sold 10,500 treasury shares for cash at $17 per share. Sept. 1 Sold 9,500 treasury shares for cash at $14 per share. Your answer is partially correct. Try again. Restate the entry for September 1, assuming the treasury shares were sold at $11 per share. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Sept. 1 Cash Paid-in Capital from Treasury Stock Click if you would like to Show Work for this question: Open Show Work

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