6 1 points eBook Common stock-$10 par value, 90,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, connon stock Retained earnings Total stockholders' equity 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,800 shares of its own common stock at $43 per share on October 11. b. Sold 1,450 treasury shares on November 1 for $49 cash per share, c. Sold all remaining treasury shares on November 25 for $38 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. $900,000 306,000 1,008,000 $ 2,214,000 Hint 14 References Required 11 Required 2 Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,800 shares of its own common stock at $43 per share on October 11. b. Sold 1,450 treasury shares on November 1 for $49 cash per share. c. Sold all remaining treasury shares on November 25 for $38 cash per share.. View transaction list Journal entry worksheet < 1 2 Record the purchase of 6,800 shares of its own common stock for $43 cash per share. Show less &