During the year, the following selected transactions affecting stockholders' equity occurred for Navajo Corporation: a. Feb. 1 Repurchased 350 shares of the company's own common stock at $29 cash per share. b. Jul. 15 Sold 40 of the shares purchased on February 1 for $30 cash per share. c. Sept. 1 Sold 10 of the shares purchased on February 1 for $28 cash per share Required: 1. Prepare the journal entry required for each of the above 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 2 Repurchased 350 shares of the company's own common stock at $29 cash per share Note: Enter debits before credits. Transaction General Journal Debit Credit a View general journal Clear entry Record entry [The following information applies to the questions displayed below.] Beck Inc. uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 2: Units Unit Cost $ 8 Inventory, December 31, prior year For the current year 7,600 6 Purchase, March 5 19,600 Purchase, September 19 Sale ($29 each) Sale ($31 each) Operating expenses (excluding income tax expense) 10,600 2 8,600 16,600 $406,000