[The following information applies to the questions displayed below.]

The following selected transactions occurred for Corner Corporation:

February 1	Purchased 500 shares of the companys own common stock at $30 cash per share; the stock is now held in treasury.
July 15	Issued 150 of the shares purchased on February 1 for $40 cash per share.
September 1	Issued 110 more of the shares purchased on February 1 for $25 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.)

Required information [The following information applies to the questions displayed below.] The following selected transactions occurred for Corner Corporation: February 1 Purchased 500 shares of the company's own common stock at $30 cash per share; the stock is now held in treasury. July 15 Issued 150 of the shares purchased on February 1 for $40 cash per share. September 1 Issued 110 more of the shares purchased on February 1 for $25 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 500 shares of previously issued common stock for a price of $30 per share. Note: Enter debits before credits. Date General Journal Debit Credit February 01 Record entry Clear entry View general journal