a. Purchased 6,300 shares of its own common stock at $38 per share on October 11.

b. Sold 1,325 treasury shares on November 1 for $44 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.

On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 85,000 shares authorized, issued, and outstanding $ 850,000 Paid-in capital in excess of par value, common stock 281, 000 Retained earnings 968 , 000 Total stockholders' equity $2, 099, 000 1. Prepare journal entries to record the following transactions for Sherman Systems.Journal entry worksheet 2 3 > Record the purchase of 6,300 shares of its own common stock for $38 cash per share. Note: Enter debits before credits. Transaction General Journal Debit Credit a.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 0 Total 0 Total stockholders' equity $ 0