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Problem 11-24A (Algo) Analyzing journal entries for treasury stock transactions LO 11-4, 11-5 The following correctly prepared entries without explanations pertain to Corners Corporation. The

image text in transcribedimage text in transcribedimage text in transcribed Problem 11-24A (Algo) Analyzing journal entries for treasury stock transactions LO 11-4, 11-5 The following correctly prepared entries without explanations pertain to Corners Corporation. The original sale (Entry 1) was for 510,000 shares, and the treasury stock was acquired for $5 per share (Entry 2). 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? Complete this question by entering your answers in the tabs below. What was the sales price per share of the original stock issue? (Round your answer to 2 decimal places.) Complete this question by entering your answers in the tabs below. b. How many shares of stock did the corporation acquire in Entry 2? c. How many shares were reissued in Entry 3 ? Complete this question by entering your answers in the tabs below. How many shares are outstanding immediately following Entries 2 and 3 , respectively

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