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During the year, the following selected transactions affecting stockholders' equity occurred for Navajo Corporation: a. February 1: Repurchased 240 shares of the company's common stock

During the year, the following selected transactions affecting stockholders' equity occurred for Navajo Corporation: a. February 1: Repurchased 240 shares of the company's common stock at $23 cash per share. b. July 15: Sold 130 of the shares purchased on February 1 for $24 cash per share. c. September 1: Sold 100 of the shares purchased on February 1 for $22 cash per share. Required: 1. Prepare the journal entry required for each of the above transactions. Note: 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 3 Repurchased 240 shares of the company's common stock at $23 cash per share. Note: Enter debits before credits. Date February 01 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 3 Sold 130 of the shares purchased on February 1 for $24 cash per share. Note: Enter debits before credits. Date July 15 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 Sold 100 of the shares purchased on February 1 for $22 cash per share.. Note: Enter debits before credits. Date September 01 General Journal Debit Credit Record entry Clear entry View general journal

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