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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 46 shares of

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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 46 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. Required: 1. Indicate the account, amount and direction of the effect for the above transactions (Enter any decreases to account balances with a minus sign.) Liabilities Stoc Assets Feb. 1 July 15 Sept. 1

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