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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:

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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: a.Feb. 1 Repurchased 310 shares of the company's own common stock at $23 cash per share. b. Jul. 15 Sold 140 of the shares purchased on February 1 for $24 cash per share. c. Sept. 1 Sold 110 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. (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 310 shares of the company's own common stock at $23 cash per share. Note: Enter debits before credits. Journal entry worksheet Repurchased 310 shares of the company's own common stock at $23 cash per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet

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