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6 7 Part 1 of 3 points Required information E11-8 (Algo) Recording Treasury Stock Transactions and Analyzing Their Impact [LO 11-2, LO 11-3] [The

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6 7 Part 1 of 3 points Required information E11-8 (Algo) Recording Treasury 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 530 shares of the company's own common stock at $33 cash per share; the stock is now held in treasury. July 15 Issued 165 of the shares purchased on February 1 for $43 cash per share. September 1 Issued 125 more of the shares purchased on February 1 for $28 cash per share. eBook Print 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.) February 1 July 15 July 15 September 1 September 1 Assets = Liabilities + Stockholders' Equity

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