Question

Coronado Inc. has outstanding 14,000 shares of $10 par value common stock. On July 1, 2020,...


Coronado Inc. has outstanding 14,000 shares of $10 par value common stock. On July 1, 2020, Coronado reacquired 109 shares at $87 per share. On September 1, Coronado reissued 62 shares at $92 per share. On November 1, Coronado reissued 47 shares at $85 per share.

Prepare Coronado’s journal entries to record these transactions using the cost method. (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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