5. oints Peasury Stock Transactions and Analyzing Their Impact [LO 11-2, LO 11-3] [The following information applies to the questions displayed below.] The following selected transactions occurred for Corner Corporation: February 1 Purchased 600 shares of the company's own common stock at $40 cash per share; the stock is now held in treasury. July 15 Issued 200 of the shares purchased on February 1 for $50 cash per share. September 1 Issued 160 more of the shares purchased on February 1 for $35 cash per share. E11-8 (Algo) Part 1 Required: 1. Indicate the account, amount, and direction of the effect for the above transactions. (Enter any decreases to account balances with a minus sign.) Answer is not complete. Assets Liabilities February 1 July 15 (24,000) - July 15 September 10,000 (10,000) - 5.600 0100