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1 Required information [ The following information applies to the questions displayed below. ] The following selected transactions occurred for Corner Corporation: February 1 Purchased

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1
Required information
[The following information applies to the questions displayed below.]
The following selected transactions occurred for Corner Corporation:
February 1 Purchased 520 shares of the company's own common stock at $32 cash per share; the stock is now held in treasury.
July 15 Issued 160 of the shares purchased on February 1 for $42 cash per share. September 1 Issued 120 more of the shares purchased on February 1 for $27 cash per share.
2. Prepare journal entries for each of the transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
Journal entry worksheet
1
262,3
Record the re-issuance of 160 shares of treasury stock previously purchased for a price of $32 per share and sold for a price of $42 per share.
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[July 15,,4,],[,,,],[,,,],[,,,],[,,,],[,,,]]
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