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Required information [ The following information applies to the questions displayed below. ] The following selected transactions occurred for Corner Corporation: February 1 Purchased 5
Required information
The following information applies to the questions displayed below.
The following selected transactions occurred for Corner Corporation:
February Purchased shares of the company's own common stock at $ cash per share; the stock is now held in treasury.
July Issued of the shares purchased on February for $ cash per share.
September Issued more of the shares purchased on February for $ cash per share.
Prepare journal entries for each of the transactions. If no entry is required for a transactionevent select No Journal Entry Required" in the first account field.
Journal entry worksheet
Record the reissuance of shares of treasury stock previously purchased for a price of $ per share and sold for a price of $ per share.
Note: Enter debits before credits.
tableDateGeneral Joumal,Debit,CreditSeptember
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