E11-8 Recording Treasury Stock Transactions and Analyzing Their mpact [Lo 11-2, LO 11-31 IThe following...
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E11-8 Recording Treasury Stock Transactions and Analyzing Their mpact [Lo 11-2, LO 11-31 IThe following information applies to the questions displayed below.) The following selected transactions occurred for Corner Corporation: Feb. 1Purchased 480 shares of the company's own common stock at $28 cash per share; the stock is now held in treasury. July Issued 140 of the shares purchased on February 1 for $38 cash per 15 share Sept. Issued 100 more of the shares purchased on February 1 for $23 cash per share. References Section Break E11-8 Recording Treasury Stock Transactions and Analyzing Their lmpact LO 11-2, LO 11-3] 19 Value 0.37 points E11-8 Part 1 Required: 1. Indicating the account, amount, and direction of the effect for the above transactions. (Enter any decreases to account balances with a minus sign.) EM Liabilities Stockholders' Equity Assets Feb. July 15 Sept
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