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Jordan inc has outstanding 10,000 shares of $10 par value common stock. On october 1 2010 jordan reaquired 100 shares at $50. On november 1 2010...

Jordan inc has outstanding 10,000 shares of $10 par value common stock. On october 1 2010 jordan reaquired 100 shares at $50. On november 1 2010 jordan reissued the 100 shares at $40. Jordan had no previous treasury stock transaction. Prepare jordan entries to record these transaction using the cost method.

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