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Required information The following information applies to the question displayed below The following selected transactions occurred for Comer Corporation February 1Purchased 510 shares of the

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Required information The following information applies to the question displayed below The following selected transactions occurred for Comer Corporation February 1Purchased 510 shares of the company's own connon stock at $31 cash per share the stock is now held in treasury July 15 I 155 of the shares purchased on February 1 for $41 cash per share September 1 sud 115 more of the shares purchased on February 1 for $26 cash per Share Required: 1. Indicate the account amount and direction of the effect for the above transactions (Enter any decreases to account balances with minus sign) Assets Lab stockholders' February Wys 15 September September Required information The following information applies to the questions displayed below) The following selected transactions occurred for Corner Corporation: February 1 Purchased 510 shares of the company's own common stock at $31 cash per share; the stock is now held in treasury. July 15 Issued 155 of the shares purchased on February 1 for $41 cash per share. September 1 Issued 115 more of the shares purchased on February 1 for $26 cash per share. 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 1 2 3 Record the purchase of 510 shares of previously issued common stock for a price of $31 per share. Note: Enter debits before credits General Journal Dobit Date February 01 Credit Record entry Clear entry View general Journal

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