The following selected transactions occurred for Corner Corporation: February 1 Purchased 430 shares of the...
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The following selected transactions occurred for Corner Corporation: February 1 Purchased 430 shares of the company's own common stock at $23 cash per share; the stock is now held in treasury. July 15 Issued 115 of the shares purchased on February 1 for $33 cash per share. September 1 Issued 75 more of the shares purchased on February 1 for $18 cash per share. 2. 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.) Journal entry worksheet Record the purchase of 430 shares of previously issued common stock for a price of $23 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 $23 per share and sold for a price of $33 per share. Note: Enter debits before credits. Journal entry worksheet Record the re-issuance of 75 shares of treasury stock previously purchased for a price of $23 per share and sold for a price of $18 per share. Note: Enter debits before credits
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The following selected transactions occurred for Corner Corporation: February 1 Purchased 430 shares of the company's own common stock at $23 cash per share; the stock is now held in treasury. July 15 Issued 115 of the shares purchased on February 1 for $33 cash per share. September 1 Issued 75 more of the shares purchased on February 1 for $18 cash per share. 2. 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.) Journal entry worksheet Record the purchase of 430 shares of previously issued common stock for a price of $23 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 $23 per share and sold for a price of $33 per share. Note: Enter debits before credits. Journal entry worksheet Record the re-issuance of 75 shares of treasury stock previously purchased for a price of $23 per share and sold for a price of $18 per share. Note: Enter debits before credits 