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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 480 shares of
Required information
[The following information applies to the questions displayed below.]
The following selected transactions occurred for Corner Corporation:
Feb. | 1 | Purchased 480 shares of the companys own common stock at $28 cash per share; the stock is now held in treasury. | |
July | 15 | Issued 140 of the shares purchased on February 1 for $38 cash per share. | |
Sept. | 1 | Issued 100 more of the shares purchased on February 1 for $23 cash per share. |
- 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.)
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