00 Common stock-$10 par value, 83,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 830,000 271,000 952,000 $ 2,053,000 1.15 points 1. Prepare journal entries to record the following transactions for Sherman Systems. eBook a. Purchased 6,100 shares of its own common stock at $36 per share on October 11. b. Sold 1,275 treasury shares on November 1 for $42 cash per share. c. Sold all remaining treasury shares on November 25 for $31 cash per share. Hint 2. Prepare the stockholders' equity section after the October 11 treasury stock purchase. Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,100 shares of its own common stock at $36 per share on October 11. b. Sold 1,275 treasury shares on November 1 for $42 cash per share. C. Sold all remaining treasury shares on November 25 for $31 cash per share. Show less View transaction list Journal entry worksheet Record the purchase of 6,100 shares of its own common stock for $36 cash per share. Note: Enter debits before credits. 00 Common stock-$10 par value, 83,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 830,000 271,000 952,000 $ 2,053,000 1.15 points 1. Prepare journal entries to record the following transactions for Sherman Systems. eBook ot Hint a. Purchased 6,100 shares of its own common stock at $36 per share on October 11. b. Sold 1,275 treasury shares on November 1 for $42 cash per share. c. Sold all remaining treasury shares on November 25 for $31 cash per share. 2. Prepare the stockholders' equity section after the October 11 treasury stock purchase. Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Prepare the stockholders' equity section after the October 11 treasury stock purchase. Revised Equity Section of Balance Sheet After October 11 Total contributed capital Total Total stockholders' equity