1.Record the purchase of 580 shares of previously issued common stock for a price of $38 per share.

2.Record the re-issuance of 190 shares of treasury stock previously purchased for a price of $38 per share and sold for a price of $48 per share.

3.Record the re-issuance of 150 shares of treasury stock previously purchased for a price of $38 per share and sold for a price of $33 per share.

E11-8 Recording Treasury Stock Transactions and Analyzing Their Impact [LO 11-2, LO 11-3 The following information applies to the questions displayed below The followlng selected transactions occurred for Corner Corporation Feb. 1 Purchased 580 shares of the company's own common stock at $38 cash per share, the stock Is July 15 issued 190 of the shares purchased on February 1 for $48 cash per share now held In treasury Sept. 1 Issued 150 more of the shares purchased on February 1 for $33 cash per share References Section Break E11-8 Recording Treasury Stock Transactions and Analyzing Their Impact [LO 11-2, LO 11-3] value: 8.33 points E11-8 Part 1 Required: 1. 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