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8 00 Part 2 of 3 oints Required information E11-8 (Algo) Recording Treasury Stock Transactions and Analyzing Their Impact [LO 11-2, LO 11-3] [The
8 00 Part 2 of 3 oints 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 538 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 2 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.) View transaction list Journal entry worksheet 1 2 3 Record the purchase of 530 shares of previously issued common stock for a price of $33 per share. Note: Enter debits before credits. Date General Journal Debit Credit February 01 Record entry Clear entry View general journal
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