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Required information E11-8 (Static) Recording Treasury Stock Transactions and Analyzing Their Impact [LO 11-2, LO 11-3] [The following information applies to the questions displayed below.]
Required information E11-8 (Static) 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 400 shares of the company's own common stock at $20 cash per share; the stock is now held in treasury. July 15 Issued 100 of the shares purchased on February 1 for $30 cash per share. September 1 Issued 60 more of the shares purchased on February 1 for $15 cash per share. E11-8 (Static) 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.) Journal entry worksheet Record the purchase of 400 shares of previously issued common stock for a price of $20 per share. Note: Enter debits before credits. Journal entry worksheet Record the re-issuance of 100 shares of treasury stock previously purchased for a price of $20 per share and sold for a price of $30 per share. Note: Enter debits before credits. Journal entry worksheet Record the re-issuance of 60 shares of treasury stock previously purchased for a price of $20 per share and sold for a price of $15 per share. Note: Enter debits before credits
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