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During the year, the following selected transactions affecting stockholders' equity occurred for Navajo Corporation: a . February 1 : Repurchased 8 0 shares of the
During the year, the following selected transactions affecting stockholders' equity occurred for Navajo Corporation:
a February : Repurchased shares of the company's common stock at $ cash per share.
b July : Sold of the shares purchased on February for $ cash per share.
c September : Sold of the shares purchased on February for $ cash per share.
Required:
Prepare the journal entry required for each of the above transactions.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
Journal entry worksheet
Repurchased shares of the company's common stock at $ cash per share.
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CreditFebruary
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