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.

Event Number	Account Title	Debit	Credit
1.	Cash	1,230,000
1.	Common stock		800,000
1.	Paid-in capital in excess of par value		430,000
2.	Treasury stock	29,400
2.	Cash		29,400
3.	Cash	25,000
3.	Treasury stock		22,200
3.	Paid-in capital in excess of cost of treasury stock		2,800

The original sale (Entry 1) was for 410,000 shares, and the treasury stock was acquired for $6 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