1. Prepse journal entries to recoed the following trensactions foe Sherman Systems: a. Purchased 5,000 shares of its own common stock at $25 per share on October it. b. Sold 1000 treasury shares on November 1 for $31 cash per share. c. Sold all remaining treasury shares on November 25 for $20 cash per share. 2. Prepare the stockholders' equity section after the October 11 treasury stock purchase. 8 Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare journal entries to record the following transactions for Sherman 5y temt. a. Nurchased 5,000 shares of its own common stock at $25 per shire on october 11 . b. Sold 1,000 treatury shares on November 1 for $31 cash per share. e. Sold al remaining tressury shares on November 25 for $20 cash per shave. Exercise 11-14 (Static) Recording and reporting treasury stock transactions LO P3 On October to, the stockholders equity section of Sherman Systems appears as follows. 1. Prepare journal entries to record the following transoctions for Shedran Systems a. Purchased 5,000 shares of its own commion stock at $25 per share on October 11 . b. Sold 1000 treasury shares on November 1 for $31 cash per share. c. Sold all remaining treasury shares on Novernber 25 for $20 cash per share 2. Prepare the stockhoiders' equity section aftet the October it treasury stock purchase. Complete this question by entering your answers in the tabs below. Piepare the stockholden' equity section after the October 11 treasury stock purchase