6 On October 10, the stockholders' equity section of Sherman Systems appears as follows. 1.42 points Common stock-$10 par value, 5,575 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 930,000 321,000 1,032,000 $ 2,283,000 04:27:54 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 7,100 shares of its own common stock at $46 per share on October 11. b. Sold 1,525 treasury shares on November 1 for $52 cash per share. c. Sold all remaining treasury shares on November 25 for $45 cash per share. eBook 2. Prepare the stockholders' equity section after the October 11 treasury stock purchase. 10 Hint Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 References Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 7,100 shares of its own common stock at $46 per share on October 11. b. Sold 1,525 treasury shares on November 1 for $52 cash per share. c. Sold all remaining treasury shares on November 25 for $45 cash per share. Show less 6 Required 1 Required 2 Prepare journal entries to record the following transactions for Sherman Systems. 1.42 points a. Purchased 7,100 shares of its own common stock at $46 per share on October 11. b. Sold 1,525 treasury shares on November 1 for $52 cash per share. c. Sold all remaining treasury shares on November 25 for $45 cash per share. X 04:27:44 Show less View transaction list eBook Journal entry worksheet Hint Record the purchase of 7,100 shares of its own common stock for $46 cash per share. Print Note: Enter debits before credits References Transaction General Journal Debit Credit a. Record entry Clear entry View general Journal 6 Required 1 Required 2 Prepare journal entries to record the following transactions for Sherman Systems. 1.42 points a. Purchased 7,100 shares of its own common stock at $46 per share on October 11. b. Sold 1,525 treasury shares on November 1 for $52 cash per share. c. Sold all remaining treasury shares on November 25 for $45 cash per share. X 04:27:37 Show less View transaction list eBook Journal entry worksheet Hint Record the reissue of 1,525 shares of the treasury stock for $52 cash per share. . Print Note: Enter debits before credits. References Transaction General Journal Debit Credit b Record entry Clear entry View general Journal 6 Required 1 Required 2 Prepare journal entries to record the following transactions for Sherman Systems. 1.42 points a. Purchased 7,100 shares of its own common stock at $46 per share on October 11. b. Sold 1,525 treasury shares on November 1 for $52 cash per share. c. Sold all remaining treasury shares on November 25 for $45 cash per share. 8 04:27:28 Show less View transaction list eBook Journal entry worksheet Hint Record the reissue of the remaining shares of the treasury stock for $45 cash per share. . Print Note: Enter debits before credits References Transaction General Journal Debit Credit C. Record entry Clear entry View general Journal VJAVU 6 RELALU LILLIY Total stockholders' equity $ 2,283,000 1. Prepare journal entries to record the following transactions for Sherman Systems. 1.42 points a. Purchased 7,100 shares of its own common stock at $46 per share on October 11. b. Sold 1,525 treasury shares on November 1 for $52 cash per share. c. Sold all remaining treasury shares on November 25 for $45 cash per share. X 04:27:22 2. Prepare the stockholders' equity section after the October 11 treasury stock purchase. Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Hint Prepare the stockholders' equity section after the October 11 treasury stock purchase. Print Revised Stockholders' Equity Section of Balance Sheet After October 11 References Total contributed capital Total Total stockholders' equity