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The following selected transactions occurred for Corner Corporation: February 1 Purchased 590 shares of the companys own common stock at $39 cash per share; the
The following selected transactions occurred for Corner Corporation:
February 1 | Purchased 590 shares of the companys own common stock at $39 cash per share; the stock is now held in treasury. |
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July 15 | Issued 195 of the shares purchased on February 1 for $49 cash per share. |
September 1 | Issued 155 more of the shares purchased on February 1 for $34 cash per share. |
- Prepare journal entries for each of the transactions.
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