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Accounting
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The following selected transactions occurred for Corner Corporation:
| Feb. | 1 | Purchased 480 shares of the companys own common stock at $28 cash per share; the stock is now held in treasury. | |
| July | 15 | Issued 140 of the shares purchased on February 1 for $38 cash per share. | |
| Sept. | 1 | Issued 100 more of the shares purchased on February 1 for $23 cash per share. |
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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