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E11-8 (Static) Recording Treasury Stock Transactions and Analyzing Their Impact (LO 11-2, LO 11-3] (The...

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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 $20 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 60 more of the shares purchased on February 1 for $15 cash per share. E11-8 (Static) Part 1 Required: 1. Indicate the account, amount, and direction of the effect for the above transactions. (Enter any decreases to account balances with a minus sign.) 1. Indicate the account, amount, and direction of the effect for the above transactions. (Enter any decreases to account balances with a minus sign.) Assets Liabilities February 1 July 15 July 15 September 1 September 1

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