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During the year, the following selected transactions affecting stockholders' equity occurred for Navajo Corporation: a. February 1: Repurchased 140 shares of the company's common
During the year, the following selected transactions affecting stockholders' equity occurred for Navajo Corporation: a. February 1: Repurchased 140 shares of the company's common stock at $28 cash per share. b. July 15: Sold 80 of the shares purchased on February 1 for $29 cash per share. c. September 1: Sold 50 of the shares purchased on February 1 for $27 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 1 2 3 Repurchased 140 shares of the company's common stock at $28 cash per share. Note: Enter debits before credits. Date February 01 General Journal Debit Credit > < Prev 2 of 5 Next >
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