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The following correctly prepared entries without explanations pertain to Corners Corporation. Event Number 1. 2. 3. Cash Account Title Common stock Paid-in capital in excess of par value Treasury stock Cash Cash Debit 1,640,000 39,900 35,000 Credit Required a. What was the sales price per share of the original stock issue? b. How many shares of stock did the corporation acquire in Entry 2? c. How many shares were reissued in Entry 3? d. How many shares are outstanding immediately following Entries 2 and 3, respectively? 1,010,000 630,000 39,900 Treasury stock Paid-in capital in excess of cost of treasury stock The original sale (Entry 1) was for 410,000 shares, and the treasury stock was acquired for $7 per share (Entry 2). 31,500 3,500

The following correctly prepared entries without explanations pertain to Corners Corporation. The original sale (Entry 1) was for 410,000 shares, and the treasury stock was acquired for $7 per share (Entry 2). Required o. What was the sales price per share of the original stock issue? b. How many shares of stock did the corporation acquire in Entry 2 ? c. How many shares were reissued in Entry 3? d. How many shares are outstanding immediately following Entries 2 and 3 , respectively? The following correctly prepared entries without explanations pertain to Corners Corporation. The original sale (Entry 1) was for 410,000 shares, and the treasury stock was acquired for $7 per share (Entry 2). Required o. What was the sales price per share of the original stock issue? b. How many shares of stock did the corporation acquire in Entry 2 ? c. How many shares were reissued in Entry 3? d. How many shares are outstanding immediately following Entries 2 and 3 , respectively