E11-8 Recording Treasury Stock Transactions and Analyzing Their Impact [LO 11-2, LO 11-3] The following...
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E11-8 Recording Treasury Stock Transactions and Analyzing Their Impact [LO 11-2, LO 11-3] The following information applies to the questions displayed below. The following selected transactions occurred for Corner Corporation: Feb. 1 Purchased 410 shares of the company's own common stock at $21 cash per share: the stock is now July 15 Issued 105 of the shares purchased on February 1 for $31 cash per share held in treasury. Sept. 1 Issued 65 more of the shares purchased on February 1for $16 cash per share References Section Break E11-8 Recording Treasury Stock Transactions and Analyzing Their Impact [LO 11-2, LO 11-3] 0.76 points E11-8 Part 1 Required: . Indicating 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 July 15 Sept. 1
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