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! Required information [The following information applies to the questions displayed below) The following selected transactions occurred for Corner Corporation: February 1 Purchased 420 shares of the company's own common stock at $22 cash per share; the stock is now held in treasury. July 15 Issued 110 of the shares purchased on February 1 for $32 cash per share. September 1 Issued 70 more of the shares purchased on February 1 for $17 cash per share. Required: 1. Indicate the account, amount, and direction of the effect for the above transactions. (Enter any decreases to account balances with a minus sign.) Assets Liabilities February 1 July 15 July 15 September 1 September 1 Journal entry worksheet