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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 540 shares of
Required information (The following information applies to the questions displayed below.] The following selected transactions occurred for Corner Corporation: Feb. 1 Purchased 540 shares of the company's own common stock at $34 cash per share; the stock is now held in treasury. July 15 Issued 170 of the shares purchased on February 1 for $44 cash per share. Sept. 1 Issued 130 more of the shares purchased on February 1 for $29 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 540 shares of previously issued common stock for a price of $34 per share. Note: Enter debits before credits. Date General Journal Debit Credit Feb. 1 Record entry Clear entry View general journal
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