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

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Accounting

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Required information
E11-8(Static) 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 400 shares of the company's own common stock at $2 cash per share; the stock is now held in treasury.
July 15 Issued 100 of the shares purchased on February 1 for $30 cash per share.
September 1 Issued 68 more of the shares purchased on February 1 for $15 cash per share.
E11-8(Static) 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.)
\table[[,Assets,=,Liabilities,+,Stockholders' Equity],[February 1,,]=,,1+1,],[July 15,4,=,3,+3,],[July 15,-,=,,+1,],[September 1,+,=,,1+1,],[Seplember 1,,]=,,]+1,]]
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