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Concord Company originally issued 3300 shares of $10 par value common stock for $115500 (...

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Accounting

Concord Company originally issued 3300 shares of $10 par value common stock for $115500 ( $35 per share). Concord subsequently purchases 330 shares of treasury stock for $25 per share and resells the 330 shares of treasury stock for $30 per share. In the entry to record the sale of the treasury stock, there will be a credit to Common Stock for $8250. debit to Paid-In Capital in Excess of Par of $11550. credit to Paid-In Capital from Treasury Stock for $1650. credit to Treasury Stock for $3300

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