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(1. Required information E11-8(Algo) Recording Treasury Stock Transactions and Analyzing Their Impact [LO 11-2,...

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Accounting

(1.
Required information
E11-8(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.
E11-8(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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