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The following correctly prepared entries without explanations pertain to Corners Corporation.

1.Cash 1,800,000

Common Stock 1,100,000

Paid-in capital in excess of par value 700,000

2.Treasury stock 40,800

Cash 40,800

3.Cash 37,000

Treasury stock 33,600

Paid-in capital in excess of cost of treasury stock 3,400

The original sale (Entry 1) was for 600,000 shares, and the treasury stock was acquired for $6 per share (Entry 2). Required a. What was the sales price per share of the original stock issue? b. How many shares of stock did the corporation acquire in Entry 2? c. How many shares were reissued in Entry 3? d. How many shares are outstanding immediately following Entries 2 and 3, respectively?

A:

B-C:

D:

The following correctly prepared entries without explanations pertain to Corners Corporation. The original sale (Entry 1) was for 600,000 shares, and the treasury stock was acquired for $6 per share (Entry 2) Required a. What was the sales price per share of the original stock issue? b. How many shares of stock did the corporation acquire in Entry 2? c. How many shares were reissued in Entry 3? d. How many shares are outstanding immediately following Entries 2 and 3 , respectively? Complete this question by entering your answers in the tabs below. What was the sales price per share of the original stock issue? (Round your answer to 2 decimal places.) The following correctly prepared entries without explanations pertain to Corners Corporation. The original sale (Entry 1) was for 600,000 shares, and the treasury stock was acquired for $6 per share (Entry 2 ). Required a. What was the sales price per share of the original stock issue? b. How many shares of stock did the corporation acquire in Entry 2 ? c. How many shares were reissued in Entry 3? d. How many shares are outstanding immediately following Entries 2 and 3 , respectively? Complete this question by entering your answers in the tabs below. b. How many shares of stock did the corporation acquire in Entry 2? c. How many shares were reissued in Entry 3? The following correctly prepared entries without explanations pertain to Corners Corporation. The original sale (Entry 1) was for 600,000 shares, and the treasury stock was acquired for $6 per share (Entry 2 ). Required a. What was the sales price per share of the original stock issue? b. How many shares of stock did the corporation acquire in Entry 2 ? c. How many shares were reissued in Entry 3? d. How many shares are outstanding immediately following Entries 2 and 3, respectively? Complete this question by entering your answers in the tabs below. How many shares are outstanding immediately following Entries 2 and 3 , respectively

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