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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 400 shares of
Required Information The following information applies to the questions displayed below.) The following selected transactions occurred for Corner Corporation: February 1 Purchased 400 shares of the company's own common stock at $20 cash per share; the stock is now held in treasury: July 15 Issued 100 of the shares purchased on February 1 for $30 cash per share. September 1 Issued 60 more of the shares purchased on February 1 for $15 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.) N View transaction list Journal entry worksheet > 1 Record the purchase of 400 shares of previously issued common stock for a price of $20 per share Note: Enter debits before credits Debit General Journal Date Credit February 01
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