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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 460 shares of
Required information The following information applies to the questions displayed below. The following selected transactions occurred for Corner Corporation: Feb. 1 Purchased 460 shares of the company's own common stock at $26 cash per share; the stock is now held in treasury July 15 Issued 130 of the shares purchased on February 1 for $36 cash per share Sept. 1 Issued 90 more of the shares purchased on February for $21 cash per share Required: Indicate the account, amount, and direction of the effect for the above transactions. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Stockholders' Equity Feb. 1 Cash July 15 Cash 4,680 Sept. 1 Cash Treasury Stock 1,890 Required information The following information applies to the questions displayed below. The following selected transactions occurred for Corner Corporation: Feb. 1 Purchased 460 shares of the company's own common stock at $26 cash per share; the stock is now held in treasury July 15 Issued 130 of the shares purchased on February 1 for $36 cash per share Sept. 1 Issued 90 more of the shares purchased on February for $21 cash per share Required: Indicate the account, amount, and direction of the effect for the above transactions. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Stockholders' Equity Feb. 1 Cash July 15 Cash 4,680 Sept. 1 Cash Treasury Stock 1,890
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