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! Required information [The following information applies to the questions displayed below.] The following selected transactions occurred for Corner Corporation: Feb. 1 Purchased 460 shares
! Required information [The following information applies to the questions displayed below.] The following selected transactions occurred for Corner Corporation: Feb. 1 Purchased 460 shares of the company's own common stock at $26 cash per share; the stock is now held in treasury. July 15 Issued 130 of the shares purchased on February 1 for $36 cash per share. Sept. 1 Issued 90 more of the shares purchased on February 1 for $21 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 Record the purchase of 460 shares of previously issued common stock for a price of $26 per share. Note: Enter debits before credits. General Journal Debit Credit Date Feb. 1 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 N Record the re-issuance of 130 shares of treasury stock previously purchased for a price of $26 per share and sold for a price of $36 per share. Note: Enter debits before credits. General Journal Debit Credit Date Jul. 15 Record entry Clear entry View general journal Journal entry worksheet
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