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 500 shares of the company's own common stock at $30 cash per share; the stock is now held in treasury. July 15 Issued 150 of the shares purchased on February 1 for $40 cash per share. September 1 Issued 110 more of the shares purchased on February 1 for $25 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.) February 1 July 15 July 15 September 1 September 1 Assets = = = Liabilities + + + + + Stockh

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 foliowing selected transactions occurred for Comer Corporation: February 1 Purchased 500 shares of the conpany's own conmon stock at $30 cash per share; the stock is aok held in treasury. July 15 Issued 150 of the shares purchased on February 1 for $40 cash per share. Septenber 1 Issued 110 aore of the shares purchased on february 1 for 525 cash per share. =11-8(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.)