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I am stuck trying to solve this problem. 3 Required information [The following information applies to the questions displayed below.] 10 points The following selected
I am stuck trying to solve this problem.
3 Required information [The following information applies to the questions displayed below.] 10 points The following selected transactions occurred for Corner Corporation: Feb. 1 Purchased 470 shares of the company's own common stock at $27 cash per share; the stock is now held in treasury July 15 Issued 135 of the shares purchased on February 1 for $37 cash per share. Sept. 1 Issued 95 more of the shares purchased on February 1 for $22 cash per share. 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.) X Answer is not complete. No Date General Journal Debit Credit 1 Feb. 1 X -12.690 X Cash Treasury Stock -12,690 X 2 Jul. 15 4,995 Cash Treasury Stock Additional Paid-In Capital, Treasury Stock 3,645 1,350 3 Sept. 1 2,090 Cash Treasury Stock Additional Paid-In Capital, Treasury Stock x 2,565 X -475 X XStep by Step Solution
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