The following selected transactions occurred for Corner Corporation:

February 1	Purchased 510 shares of the companys own common stock at $31 cash per share; the stock is now held in treasury.
July 15	Issued 155 of the shares purchased on February 1 for $41 cash per share.
September 1	Issued 115 more of the shares purchased on February 1 for $26 cash per share.

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.)

1. Indicate the account, amount, and direction of the effect for the above transactions. (Enter any decreases to account balances with a minus sign.) Journal entry worksheet Record the purchase of 510 shares of previously issued common stock for a price of $31 per share. Note: Enter debits before credits. Journal entry worksheet Record the re-issuance of 155 shares of treasury stock previously purchased for a price of $31 per share and sold for a price of $41 per share. Note: Enter debits before credits. Journal entry worksheet Record the re-issuance of 115 shares of treasury stock previously purchased for a price of $31 per share and sold for a price of $26 per share. Note: Enter debits before credits. 3. What impact does the purchase of treasury stock have on dividends paid