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During the year, the following selected transactions affecting stockholders' equity occurred for Navajo Corporation: a. Feb. 1 Repurchased 240 shares of the company's own common
During the year, the following selected transactions affecting stockholders' equity occurred for Navajo Corporation: a. Feb. 1 Repurchased 240 shares of the company's own common stock at $22 cash per share b. Jul. 15 Sold 60 of the shares purchased on February 1 for $23 cash per share. c. Sept. 1 Sold 30 of the shares purchased on February 1 for $21 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 Repurchased 240 shares of the company's own common stock at $22 cash per share. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal During the year, the following selected transactions affecting stockholders' equity occurred for Navajo Corporation a. Feb. 1 Repurchased 240 shares of the company's own common stock at $22 cash per share. b. Jul. 15 Sold 60 of the shares purchased on February 1 for $23 cash per share. c. Sept. 1 Sold 30 of the shares purchased on February 1 for $21 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 Sold 60 of the shares purchased on February 1 for $23 cash per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal During the year, the following selected transactions affecting stockholders' equity occurred for Navajo Corporation a. Feb. 1 Repurchased 240 shares of the company's own common stock at $22 cash per share b. Jul. 15 Sold 60 of the shares purchased on February 1 for $23 cash per share. c. Sept. 1 Sold 30 of the shares purchased on February 1 for $21 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 Sold 30 of the shares purchased on February 1 for $21 cash per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
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