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E11-8 (Algo) Recording Treasury Stock Transactions and Analyzing Their Impact [LO 11-2, LO 11-3] [The following informotion opplies to the questions disployed below.] The following
E11-8 (Algo) Recording Treasury Stock Transactions and Analyzing Their Impact [LO 11-2, LO 11-3] [The following informotion opplies to the questions disployed below.] The following selected transactions occurred for Corner Corporation: February 1 Purchased 458 shares of the companys own cormon stock at $25 cash per share; the stock is now held in treasury. July 15 Issued 125 of the shares purchased an February 1 for $35 cash per share. September 1 Issued 85 nore of the shares purchased on February 1 for $20 cash per share. E11-8 (Algo) Part 1 Required: 1. Indicate the account, amount, and cirection of the effect for the obove tronsactions. (Enter any decreases to account balances with a minus sign.)
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