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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 410 shares of
Required information [The following information applies to the questions displayed below.] The following selected transactions occurred for Corner Corporation: Feb. 1 Purchased 410 shares of the company's own common stock at $21 cash per share; the stock is now held in treasury. July 15 Issued 105 of the shares purchased on February 1 for $31 cash per share. Sept. 1 Issued 65 more of the shares purchased on February 1 for $16 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 2 3 Record the purchase of 410 shares of previously issued common stock for a price of $21 per share. Note: Enter debits before credits. General Journal Debit Credit Date Feb. 1 Record entry Clear entry View general journal Journal entry worksheet Record the re-issuance of 105 shares of treasury stock previously purchased for a price of $21 per share and sold for a price of $31 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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