1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 7,300 shares of its own common stock at $48 per share on October 11. b. Sold 1,575 treasury shares on November 1 for $54 cash per share. c. Sold all remaining treasury shares on November 25 for $47 cash per share. 2. Prepare the stockholders' equity section after the October 11 treasury stock purchase. Complete this question by entering your answers in the tabs below. Prepare joumal entries to record the following transactions for Sherman Systems. a. Purchased 7,300 shares of its own common stock at $48 per share on October 11 . b. Sold 1,575 treasury shares on November 1 for $54 cash per share. c. Sold all remaining treasury shares on November 25 for $47 cash per share. Journal entry worksheet Record the purchase of 7,300 shares of its own common stock for $48 cash per share. Note: Enter debits before treaks. Complete this question by entering your answers in the tabs below. Prebare jeumal entries to record the following transactions for Sherman Systems. a. Purchased 7,300 shares of its own common stock at $48 per share on October 11. b. Sold 1,575 treasury shares on November 1 for 554 cash per share. c. Sold ail remaining treasury shares on November 25 for $47 cash per share. Journal entry worksheet 3 Recora the reissue of 1,575 stares of the treasury stock for $54 cash per share. Mote: Enkre debies fefoor oresta. 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 7,300 shares of its own common stock at $48 per share on October 11. b. Sold 1,575 treasury shares on November 1 for $54 cash per share. c. Sold all remaining treasury shares on November 25 for $47 cash per share. 2. Prepare the stockholders' equity section after the October 11 treasury stock purchase. Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section after the October 11 treasury stock purchase. Journal entry worksheet Record the reissue of the remaining shares of the treasury steck for 547 casth per share. Note: foter dobes before credits