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Nash Inc. has outstanding 10,600 shares of $10 par value common stock. On July 1, 2025, Nash reacquired 105 shares at $87 per share. On September 1, Nash reissued 62 shares at $91 per share. On November 1, Nash reissued 43 shares at $84 per share. Prepare Nash's journal entries to record these transactions using the cost method. (List all debit entries before credit entries. Credit account titles are automatically indented when the 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. Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation

Nash Inc. has outstanding 10,600 shares of $10 par value common stock. On July 1, 2025, Nash reacquired 105 shares at $87 per share. On September 1, Nash reissued 62 shares at $91 per share. On November 1, Nash reissued 43 shares at $84 per share. Prepare Nash's journal entries to record these transactions using the cost method. (List all debit entries before credit entries. Credit account titles are automatically indented when the 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. Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Nash Inc. has outstanding 10,600 shares of $10 par value common stock. On July 1, 2025, Nash reacquired 105 shares at $87 per share. On September 1, Nash reissued 62 shares at $91 per share. On November 1, Nash reissued 43 shares at $84 per share. Prepare Nash's journal entries to record these transactions using the cost method. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record entries in the order displayed in the problem statement.) Date < Account Titles and Explanation Debit Credit
Transcribed Image Text:Nash Inc. has outstanding 10,600 shares of $10 par value common stock. On July 1, 2025, Nash reacquired 105 shares at $87 per share. On September 1, Nash reissued 62 shares at $91 per share. On November 1, Nash reissued 43 shares at $84 per share. Prepare Nash's journal entries to record these transactions using the cost method. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record entries in the order displayed in the problem statement.) Date < Account Titles and Explanation Debit Credit
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