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 68 more of the shares purchased on February 1 for $15 cash per share. E11-8 (Static) 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.) 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 408 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. 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 conmon stock at 520 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 " Journal Entry Required" in the first account field.) Journal entry worksheet for a price of $20 per share and sold for a price of $30 per share. Note: Enter debits before credits. 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 Comer Corporation: February 1 Purchased 480 shares of the company's own conmon stock at s20 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 " Journal Entry Required" in the first account field.) 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
