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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

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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 520 shares of the company's own common stock at $32 cash per share; the stock is now held in treasury.
July 15 Issued 160 of the shares purchased on February 1 for $42 cash per share.
September 1 Issued 120 more of the shares purchased on February 1 for $27 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.)
Journal entry worksheet
12
Record the re-issuance of 120 shares of treasury stock previously purchased for a price of $32 per share and sold for a price of $27 per share.
Note: Enter debits before credits.
\table[[Date,General Joumal,Debit,Credit],[September 01],[,,,],[,,,],[,,,],[,,,],[,,,]]
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