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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 470 shares
Required information [The following information applies to the questions displayed below.] The following selected transactions occurred for Corner Corporation: February 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. September 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.) No 1 Date February 01 Treasury Stock Cash Answer is complete but not entirely correct. General Journal 2 July 15 Cash Treasury Stock Additional Paid-In Capital, Treasury Stock 3 September 01 Cash Additional Paid-In Capital, Treasury Stock Treasury Stock Debit Credit 12,690 20,160 4,995 3,645 1,350 2,090 475 2,565
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