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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 470 shares of
Required information (The following information applies to the questions displayed below.) The following selected transactions occurred for Corner Corporation: Feb. 1 Purchased 470 shares of the company's own common stock at $27 cash per share: the stock is now held in treasury. July 15 Issued 135 of the shares purchased on February 1 for $37 cash per share. Sept. 1 Issued 95 more of the shares purchased on February 1 for $22 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.) X Answer is not complete. No Date General Journal Debit Credit 1 Feb. 1 12,690 Treasury Stock Cash 12.690 2 Jul. 15 4,995 Cash Treasury Stock Additional Paid-In Capital, Treasury Stock 3,645 1,350 3 Sept. 1 2,090 Cash Treasury Stock Additional Paid-In Capital, Preferred Stock 2,565 X X X 475 X
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