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Required information [The following information applies to the questions displayed below.]...

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Accounting

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Required information [The following information applies to the questions displayed below.] The following selected transactions occurred for Corner Corporation: Feb. 1 Purchased 530 shares of the company's own common stock at $33 cash per share; the stock is now held in treasury. July 15 Issued 165 of the shares purchased on February 1 for $43 cash per share. Sept. 1 Issued 125 more of the shares purchased on February 1 for $28 cash per share. Required: 1. Indicate the account, amount, and direction of the effect for the above transactions. (Enter any decreases to account balances v a minus sign.) Assets Liabilities Feb. 1 July 15 Sept. 1

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