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During the year, the following selected transactions affecting stockholders' equity occurred for Navajo Corporation: a. Feb. 1 Repurchased 60 shares of the company's own common

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During the year, the following selected transactions affecting stockholders' equity occurred for Navajo Corporation: a. Feb. 1 Repurchased 60 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 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 fleld.) View transaction list Journal entry worksheet 2 3 Repurchased 60 shares of the company's own common stock at $29 cash per share. Note Enter debits before credits Transaction General Journal Debit Credit Clearly View general Journal View transaction list Journal entry worksheet Sold 40 of the shares purchased on February 1 for $30 cash per share. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal View transaction list Journal entry worksheet Sold 10 of the shares purchased on February 1 for $28 cash per share. Note: Enter debits before credits Transaction General Journal Debit Credit G Record entry Cinerantry View general Journal

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