Required information 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] The following selected transactions occurred for Corner Corporation: February 1 Purchased 590 shares of the company's own common stock at $39 cash per share; the stock is now held id in treasury. July 15 Issued 195 of the shares purchased on February 1 for $49 cash per share. September 1 Issued 155 more of the shares purchased on February 1 for $34 cash per share. E11-8 (Algo) Part 1 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.) February 1 July 15 July 15 September 1 September 11 Assets Liabilities Stockholders' Equity es Required information 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.] The following selected transactions occurred for Corner Corporation: February 1 Purchased 590 shares of the company's own common stock at $39 cash per share; the stock is now held in treasury. July 15 Issued 195 of the shares purchased on February 1 for $49 cash per share. September 1 Issued 155 more of the shares purchased on February 1 for $34 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.) View transaction list Journal entry worksheet