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 550 shares of the companys own common stock at $35 cash per share; the stock is now held in treasury.
July 15	Issued 175 of the shares purchased on February 1 for $45 cash per share.
Sept. 1	Issued 135 more of the shares purchased on February 1 for $30 cash per share.

E11-8 Recording Treasury Stock Transactions and Analyzing Their 1mpact Cro 11-2, ro 11-3U IThe following information applies to the questions displayed belowJ The following selected transactions occurred for Corner Corporation: Feb. 1 Purchased 550 shares of the company's own common stock at $3s cash per share the stock is now held in treasury. July 15 1ssued 175 of the shares purchased on February 1 for $45 cash per share. Sept. 1 Tssued 135 more of the shares purchased on February 1 for $30 cash per share