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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 590 shares of
Required information [The following information applies to the questions displayed below.] The following selected transactions occurred for Corner Corporation: Feb. 1 Purchased 590 shares of the company's own common stock at $39 cash per share; the stock is now held in treasury July 15 Issued 195 of the shares purchased on February 1 for $49 cash per share. Sept. 1 Issued 155 more of the shares purchased on February 1 for $34 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.) Record the purchase of 590 shares of previously issued common stock for a price of $39 per share. Note: Enter debits before credits. Date General Journal Debit Credit Feb. 1 Record the re-issuance of 195 shares of treasury stock previously purchased for a price of $39 per share and sold for a price of $49 per share. Note: Enter debits before credits. Date General Journal Debit Credit Jul. 15 Record the re-issuance of 155 shares of treasury stock previously purchased for a price of $39 per share and sold for a price of $34 per share. Note: Enter debits before credits. Date General Journal Debit Credit Sept. 1
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