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E11-8 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

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E11-8 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: Feb. 1 Purchased 490 shares of the company's own common atook at $29 cash per share; the stock is now held in treasury July 15 Issued 145 of the shares purchased on February 1 for $39 cash per share. Sept. 1 Issued 105 more of the shares purchased on February1 for $24 cash per share. E11-8 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 Record the nurchase of 490 shares of previouslv issiued common stock fora Journal entry worksheet Record the purchase of 490 shares of previously issued common stock for a price of $29 per share. Note: Enter debits before credits. Date General Journal DebitCredit Feb. 1 Record entry Clear entry View general journal Journal entry worksheet 2 3 Record the re-issuance of 145 shares of treasury stock previously purchased for a price of $29 per share and sold for a price of $39 per share. Note: Enter debits before credits. Date General Journal Debit Credit Jul. 15 Record entry Clear entry View general journal Journal entry worksheet 2 Record the re-issuance of 105 shares of treasury stock previously purchased for a price of $29 per share and sold for a price of $24 per share. Note: Enter debits before credits. Date General Journal Debit Credit Sept. 1

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