View Policies Current Attempt in Progress Concord Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 22,500 shares for cash at $58 per share. July 1 Issued 11,500 shares for cash at $62 per share. Date Account Titles and Explanation Debit Credit Mar. 1 Treasury Stock 780000 Cash 7801 July 1 Cash 195500 Treasury Stock 172 Paid-in Capital from Treasury Stock 231 Sept. 1 Cash 133000 Paid-in Capital from Treasury Stock 9500 Treasury Stock 142 Journalize the transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit