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Required information (The following information applies to the questions displayed below) The following selected transactions occurred for Comer Corporation: February 1 Purchased 510 shares
Required information (The following information applies to the questions displayed below) The following selected transactions occurred for Comer Corporation: February 1 Purchased 510 shares of the company's own common stock at $31 cash per share; the stock is now held in treasury. July 15 Issued 155 of the shares purchased on February 1 for $41 cash per share. September 1 Issued 115 more of the shares purchased on February 1 for $26 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.) February 1 July 15 July 15 September 1 September 1 Assets Liabilities Stockholders' Equity
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