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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 560 shares of

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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 560 shares of the company's own common stock at $36 cash per share; the stock is now held in treasury July 15 Issued 180 of the shares purchased on February 1 for $46 cash per share. Sept. 1 Issued 140 more of the shares purchased on February 1 for $31 cash per share. quired: Indicate the account, amount, and direction of the effect for the above transactions. (Enter any decreases to account balances with a minus sign.) Stockho Assets Liabilities eb. 1 ly 15 1 ept

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