10 On October 10, the stockholders' equity section of Sherman Systems appears as follows. 1 points Common Stock-$10 par value, 92,220 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 928.02 316,20 1,024.680 $2,260,ege eBook 1. Prepare journal entries to record the following transactions for Sherman Systems. Hint a. Purchased 7.000 shares of its own common stock at $45 per share on October 11. b. Sold 1,500 treasury shares on November 1 for $51 cash per share. c. Sold all remaining treasury shares on November 25 for $40 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. Required 1 Required 2 Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 7,000 shares of its own common stock at $45 per share on October 11. b. Sold 1,500 treasury shares on November 1 for $51 cash per share. c. Sold all remaining treasury shares on November 25 for $40 cash per share. Show less View transaction Mat Journal entry worksheet 1 2 3 Record the purchase of 7,000 shares of its own common stock for $45 cash per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal Required Required 2 > 10 On October 10, the stockholders' equity section of Sherman Systems appears as follows. 1 points Common stock-$10 par value, 92,eee shares authorized, issued, and outstanding Paid in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 920,20 316.000 1,624.ee $2,260,80 Book 1. Prepare journal entries to record the following transactions for Sherman Systems. Hint a. Purchased 7.000 shares of its own common stock at $45 per share on October 11. b. Sold 1,500 treasury shares on November 1 for $51 cash per share. c. Sold all remaining treasury shares on November 25 for $40 cash per share. 2. Prepare the stockholders' equity section after the October 11 tressury stock purchase. Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 7,000 shares of its own common stock at $45 per share on October 11. b. Sold 1,500 treasury shares on November 1 for $51 cash per share. c. Sold all remaining treasury shares on November 25 for $40 cash per share. Show less View transaction let Journal entry worksheet 2 3 Record the reissue of 1,500 shares of the treasury stock for $51 cash per share. Note: Enter debits before credits Transaction General Journal Debit Credit b Record entry Clear entry View general Journal Required Required 2 > 10 On October 10, the stockholders' equity section of Sherman Systems appears as follows. Sints Common stock-$10 par value, 92,eee shares authorized, issued, and outstanding Paid in capital in excess of par value, common stock Retained carnings Total stockholders' equity $ 920.000 316,ege 1. 24. eee $ 2,260.00 ebook 1. Prepare journal entries to record the following transactions for Sherman Systems. Hint a. Purchased 7,000 shores of its own common stock et $45 per shere on October 11. b. Sold 1,500 treasury shares on November 1 for $51 cash per share. c.Sold all remaining treasury shares on November 25 for $40 cash per shere. 2 Prepare the stockholders' equity section after the October 11 treasury stock purchase. Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare joumal entries to record the following transactions for Sherman Systems. a. Purchased 7,000 shares of its own common stock at $45 per share on October 11. b. Sold 1,500 treasury shares on November 1 for $51 cash per share. c. Sold all remaining treasury shares on November 25 for $40 cash per share. Show less View transaction llat Journal entry worksheet 2 3 Record the reissue of the remaining shares of the treasury stock for $40 cash per share. Note: Enter debits before credits Transaction General Journal Debit Credit C Record entry Clear entry View general Journal Required 1 Required 2 > 10 On October 10, the stockholders' equity section of Sherman Systems appears as follows. 1 points Common stock-$10 par value, 92,000 shares authorized, issued, and outstanding Paid in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 920.ae 316,00 1,024,00 $2,260,000 eBook 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 7,000 shares of its own common stock at $45 per share on October 11. b. Sold 1,500 treasury shares on November 1 for $51 cash per share. c. Sold all remaining treasury shares on November 25 for $40 cash per shere. 2 Prepare the stockholders' equity section after the October 11 tressury stock purchase. Print References Complete this question by entering your answers in the tabs below. 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