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Required information 4 E11-8 (Algo) Recording Treasury Stock Transactions and Analyzing Their Impact [LO 11-2, LO 11-3] [The following information applies to the questions displayed

Required information 4 E11-8 (Algo) Recording Treasury Stock Transactions and Analyzing Their Impact [LO 11-2, LO 11-3] [The following information applies to the questions displayed below.] k t The following selected transactions occurred for Corner Corporation: February 1 Purchased 600 shares of the company's own common stock at $40 cash per share; the stock is now held in treasury. July 15 Issued 200 of the shares purchased on February 1 for $50 cash per share. September 1 Issued 160 more of the shares purchased on February 1 for $35 cash per share. E11-8 (Algo) Part 2 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.) ences View transaction list Journal entry worksheet 2 3 Record the purchase of 600 shares of previously issued common stock for a price of $40 per share

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