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can you please assist me with the answers Recording Treasury Stock Transactions and Analyzing Their Impact The following selected transactions occurred for Corner Corporation Feb.

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can you please assist me with the answers

Recording Treasury Stock Transactions and Analyzing Their Impact The following selected transactions occurred for Corner Corporation Feb. 1 Purchased 400 shares of the company's own common stock at $20 cash per share; the stock is now held in treasury Jul. 15 Issued 100 of the shares purchased on February 1, for $30 cash per share Sept. 1 Issued 60 more of the shares purchased on February 1, for $15 cash per share E11-8 Recording Treasury Stock Transactions and Analyzing Their lmpact The following selected transactions occumed for Corner Corporation Purchased 400 shares of the company's own common stock at $20 cash Feb. 1 per share., the stock is now held in treasury. Issued 100 of the shares purchased on February 1, for $30 cash per Jul. 15 share Issued 60 more of the shares purchased on February 1, for $15 cash per Sept. 1 share. Required 1. Show the effects of each transaction on the accounting equation. 2. Give the indicated journal entries for each of the transactions. 3. What impact does the purchase of treasury stock have on dividends paid? 4. What impact does the issuance of treasury stock for an amount higher than the purchase price have on net income

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