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The following selected transactions occurred for Corner Corporation: February 1 Purchased 600 shares of...

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Accounting

The following selected transactions occurred for Corner Corporation:
February 1 Purchased 600 shares of the company' s own common stock at $40 cash per share; the stock is now held in treasury.
July 15 Issued 200 of the shares purchased on February 1 for $50 cash per share.
September 1 Issued 160 more of the shares purchased on February 1 for $35 cash per share.
E11-8(Algo) 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.)
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