19. The following selected transactions occurred for Corner Corporation:

Feb. 1

Purchased 480 shares of the companys own common stock at $28 cash per share; the stock is now held in treasury.

July 15

Issued 140 of the shares purchased on February 1 for $38 cash per share.

Sept 1st Issued 100 more of the shares purchased on February 1 for $23 cash per share.

Required:

1.	Indicating the account, amount, and direction of the effect for the above transactions. (Enter any decreases to account balances with a minus sign.)

	Assets		=	Liabilities		+	Stockholders Equity
Feb. 1
July 15
Sept. 1

Record the purchase of 480 shares of previously issued common stock for a price of $28 per share.

Record the re-issuance of 140 shares of treasury stock previously purchased for a price of $28 per share and sold for a price of $38 per share.

Record the re-issuance of 100 shares of treasury stock previously purchased for a price of $28 per share and sold for a price of $23 per share.

Dividends are not paid on			Therefore, the total amount of
paid is		when treasury stock is purchased.

The reissuance of treasury stock for more or less than its original repurchase cost
affect net income. The transaction affects only		accounts.