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Please only use the accounts given as written, and fill ALL of the boxes, do not leave them incomplete Thank you! Show work if possible.

Please only use the accounts given as written, and fill ALL of the boxes, do not leave them incomplete Thank you! Show work if possible.

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Bonds Payable Buildings Cash Common Stock Common Stock Dividend Distributable Debt Investments Dividends Payable - Common Stock Dividends Payable - Preferred Stock Discount on Bonds Payable Equipment Equity Equity Investments Income Summary Land Legal Fees Expense No Entry Organization Expense Paid-in Capital from Treasury Stock Paid-in Capital in Excess of Par - Common Stock Paid-in Capital in Excess of Par - Preferred Stock Paid-in Capital in Excess of Stated Value - Common Stock Preferred Stock Property Dividends Payable Retained Earnings Treasury Stock Unamortized Bond Issue Costs Unrealized Holding Gain or Loss - Income
Concord Company reported the following amounts in the stockholders' equity section of its December 31, 2016, balance sheet. Preferred stock, 9%, $100 par (10,000 shares authorized, 1,800 shares issued) $180,000 Common stock, $5 par (101,500 shares authorized, 20,300 shares issued) Additional paid-in capital Retained earning:s 101,500 130,000 486,000 $897,500 Total During 2017, Concord took part in the following transactions concerning stockholders' equity 1. Paid the annual 2016 $9 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2016 2. Purchased 1,800 shares of its own outstanding common stock for $41 per share. Concord uses the cost method 3. Reissued 700 treasury shares for land valued at $31,400 4. Issued 510 shares of preferred stock at $104 per share 5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $45 per share 6. Issued the stock dividend 7. Declared the annual 2017 $9 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2018 (a) Prepare journal entries to record the transactions described above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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