$ 810,000 261,000 936,000 $ 2,007,000 On October 10, the stockholders' equity section of Sherman Systems appears as follows. Common stock-$10 par value. 4,675 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 1. Prepare journal entries to record the following transactions for Sherman Systems a. Purchased 5,900 shares of its own common stock at $34 per share on October 11, b. Sold 1,225 treasury shares on November 1 for $40 cash per share. c. Sold all remaining treasury shares on November 25 for $33 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. Required 1 Required 2 Prepare journal entries to record the following transactions for Sherman Systems a. Purchased 5,900 shares of its own common stock at $34 per share on October 11. b. Sold 1,225 treasury shares on November 1 for $40 cash per share. c. Sold all remaining treasury shares on November 25 for $33 cash per share. Show less View transaction list Journal entry worksheet 1 2 3 Record the purchase of 5,900 shares of its own common stock for $34 cash per share Note Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal