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Required information E11-8 Recording Treasury Stock Transactions and Analyzing Their Impact [LO 11-2, LO 11-3] [The following information applies to the questions displayed below.] The
Required information E11-8 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: Feb. 1 Purchased 530 shares of the company's own common stock at $33 cash per share; the stock is now held in treasury. July 15 Issued 165 of the shares purchased on February 1 for $43 cash per share. Sept. 1 Issued 125 more of the shares purchased on February 1 for $28 cash per share. E11-8 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 2 3 Record the purchase of 530 shares of previously issued common stock for a price of $33 per share. Note: Enter debits before credits. General Journal Debit Credit Date Feb. 1 JUUillal elli y WUIKSileel Record the re-issuance of 165 shares of treasury stock previously purchased for a price of $33 per share and sold for a price of $43 per share. Note: Enter debits before credits. General Journal Debit Credit Date Jul. 15 Journal entry worksheet
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