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E11-16 (Algo) Recording and Analyzing Treasury Stock Transactions LO11-3, 11-4, 11-9 During the year, the following selected transactions affecting stockholders' equity occurred for Navajo Corporation:
E11-16 (Algo) Recording and Analyzing Treasury Stock Transactions LO11-3, 11-4, 11-9 During the year, the following selected transactions affecting stockholders' equity occurred for Navajo Corporation: a. Feb. 1 Repurchased 160 shares of the company's own common stock at $21 cash per share. b. Jul. 15 Sold 90 of the shares purchased on February 1 for $22 cash per c. Sept. 1. Required: share. Sold 60 of the shares purchased on February 1 for $20 cash per share. 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 < 1 2 3 Repurchased 160 shares of the company's own common stock at $21 cash per share. Note: Enter debits before credits. Transaction a General Journal Debit Credit > View transaction list Journal entry worksheet < 1 2 3 Sold 90 of the shares purchased on February 1 for $22 cash per share. Note: Enter debits before credits. Transaction b General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 2 3 Sold 60 of the shares purchased on February 1 for $20 cash per share. Note: Enter debits before credits. Transaction C General Journal Debit Credit Record entry Clear entry View general journal
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