The following selected transactions occurred for Corner Corporation:
| Feb. | 1 | Purchased 450 shares of the company’s own common stock at $25 cash per share; the stock is now held in treasury. | |
| July | 15 | Issued 125 of the shares purchased on February 1 for $35 cash per share. | |
| Sept. | 1 | Issued 85 more of the shares purchased on February 1 for $20 cash per share. |
E11-8 Part 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.)
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