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

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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: February 1 Purchased 520 shares of the company's own common stock at $32 cash per share; the stock is now held in treasury. July 15 Issued 160 of the shares purchased on February 1 for $42 cash per share. September 1 Issued 120 more of the shares purchased on February 1 for $27 cash per share. 2. Prepare journal entries for each of the transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of 520 shares of previously issued common stock for a price of $32 per share. Note: Enter debits before credits. Date General Journal Debit Credit February 01 Record entry Clear entry View general journal Journal entry worksheet Record the re-issuance of 160 shares of treasury stock previously purchased for a price of $32 per share and sold for a price of $42 per share. Note: Enter debits before credits. Date General Journal Debit Credit July 15 Record entry Clear entry View general journal Journal entry worksheet

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