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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. February 1: Repurchased 200 shares of the company's common stock at $22 cash per share. b. July 15: Sold 110 of the shares purchased on February 1 for $23 cash per share. c. September 1: Sold 80 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. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field
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