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Required information

E$11-8($Algo$)$ 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:

February $1$ Purchased $540$ shares of the company's own common stock at $$34$ cash per share; the stock is now held in treasury.

July $15$ Issued $170$ of the shares purchased on February $1$ for $$44$ cash per share.

September $1$ Issued $130$ more of the shares purchased on February $1$ for $$29$ cash per share.

E$11-8($Algo$)$ Part $1$

Required:

Indicate the account, amount, and direction of the effect for the above transactions. $($Enter any decreases to account balances with a minus sign.$)$

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