E11-8 Recording Treasury Stock Transactions and Analyzing Their Impact [LO 11-2, LO 11-3] The tollowing information appies to the questions displayed below. The follomng selected transactions occurred for Coner Corporation: Feb. 1 Purchased 600 shares of the company's own common stock at $40 cash per share, the stock is July 15 Issued 200 of the shares purchased on February 1 for $50 cash per share. now held In treasury Sept. 1 Issued 160 more of the shares purchased on February 1 for $35 cash per share References Section Break E11-8 Recording Treasury Stock Transactions and Analyzing Their Impact [LO 11-2, LO 11-3] value: Required information 1.53 points E11-8 Part 1 Required: 1. Indicating the account, amount, and direction of the effect for the above transactions. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Stockholders' Equity Feb. 1 July 15 Sept 1