Required Information [The following information applies to the questions displayed below] The following selected transactions occurred...
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Required Information [The following information applies to the questions displayed below] The following selected transactions occurred for Corner Corporation: February 1 Purchased 550 shares of the company's own common stock at $35 cash per share; the stock is now held in treasury. July 15 Issued 175 of the shares purchased on February 1 for $45 cash per share. September 1 Issued 135 more of the shares purchased on February 1 for $30 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.) Answer is not complete. No Date General Journal 1 February 01 Treasury Stock Additional Paid-In Capital, Treasury Stock 2 July 15 Cash 6 Debit Credit 19.250 19.250 7.075 Required Information [The following information applies to the questions displayed below] The following selected transactions occurred for Corner Corporation: February 1 Purchased 550 shares of the company's own common stock at $35 cash per share; the stock is now held in treasury. July 15 Issued 175 of the shares purchased on February 1 for $45 cash per share. September 1 Issued 135 more of the shares purchased on February 1 for $30 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.) Answer is not complete. No Date General Journal 1 February 01 Treasury Stock Additional Paid-In Capital, Treasury Stock 2 July 15 Cash 6 Debit Credit 19.250 19.250 7.075
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