Required information

[The following information applies to the questions displayed below.]

The following selected transactions occurred for Corner Corporation:

Feb.	1		Purchased 450 shares of the companys own common stock at $25 cash per share; the stock is now held in treasury.
July	15		Issued 125 of the shares purchased on February 1 for $35 cash per share.
Sept.	1		Issued 85 more of the shares purchased on February 1 for $20 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.)
3. What impact does the purchase of treasury stock have on dividends paid?

Required information The following information applies to the questions displayed below. The following selected transactions occurred for Corner Corporation: Feb. 1 Purchased 45e shares of the company's own common stock at $25 cash per share; the stock is now held in July 15 Issued 125 of the shares purchased on February 1 for $35 cash per share. treasury Sept. 1 Issued 85 more of the shares purchased on February 1 for $20 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.) View transaction list Journal entry worksheet Record the purchase of 450 shares of previously issued common stock for a price of $25 per hare. Note: Enter debits before credits Date General Journal Debit Credit Feb. 1 Record entry Clear entry View general journal Journal entry worksheet Record the re-issuance of 125 shares of treasury stock previously purchased for a price of $25 per share and sold for a price of $35 per share. Note: Enter debits before credits. Date General Journal Debit Credit Jul. 15 Clear entry Record entry View general journal Journal entry worksheet Record the re-issuance of 85 shares of treasury stock previously purchased for a price of $25 per share and sold for a price of $20 per share. Note: Enter debits before credits Credit Date General Journal Debit Sept. 1 Record entry Clear entry View general journal 3. What impact does the purchase of treasury stock have on dividends paid? Therefore, the total amount of Dividends paid on treasury stock. when treasury stock is purchased aid is