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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 420 shares
Required information [The following information applies to the questions displayed below.] The following selected transactions occurred for Corner Corporation: Feb. 1 Purchased 420 shares of the company's own common stock at $22 cash per share; the stock is now hel in treasury. July 15 Issued 110 of the shares purchased on February 1 for $32 cash per share. Sept. 1 Issued 70 more of the shares purchased on February 1 for $17 cash per share. 2. Prepare journal entries for each of the transactions. (If no entry is required for a transaction/event, select "No Journal Enti Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the purchase of 420 shares of previously issued common stock for a price of $22 per share. Note: Enter debits before credits. Date Feb. 1 Cash Common Stock General Journal. Debit Credit 9,240 9,240 Record entry Clear entry View general journal
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