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Monty Inc. has outstanding 14,000 shares of $10 par value common stock. On July 1, 2020, Monty reacquired 104 shares at $ 88 per share.

Monty Inc. has outstanding 14,000 shares of $10 par value common stock. On July 1, 2020, Monty reacquired 104 shares at $ 88 per share. On September 1, Monty reissued 62 shares at $ 91 per share. On November 1, Monty reissued 42 shares at $ 85 per share. Prepare Montys journal entries to record these transactions using the cost method.

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