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Required information. [The following information applies to the questions displayed below] The following selected transactions occurred for Corner Corporation: February 1 Purchased 560 shares
Required information. [The following information applies to the questions displayed below] The following selected transactions occurred for Corner Corporation: February 1 Purchased 560 shares of the company's own common stock at $36 cash per share; the stock is now held in treasury. July 15 Issued 180 of the shares purchased on February 1 for $46 cash per share. September 1 Issued 140 more of the shares purchased on February 1 for $31 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.) 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 2 3 Record the purchase of 560 shares of previously issued common stock for a price of $36 per share. Note: Enter debits before credits Date General Journal Debit Credit ces Journal entry worksneet 1 2 3 Record the purchase of 560 shares of previously issued common stock for a price of $36 per share. Note: Enter debits before credits. Date February 01 General Journal Debit Credit 1 2 3 Record the re-issuance of 180 shares of treasury stock previously purchased for a price of $36 per share and sold for a price of $46 per share. Note: Enter debits before credits. Date July 15 General Journal Debit Credit Proy 6 of Next > Required information Journal entry worksneet < 1 2 3 Record the re-issuance of 140 shares of treasury stock previously purchased for a price of $36 per share and sold for a price of $31 per share. Note: Enter debits before credits. Date September 01 General Journal Debit Credit Next >
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