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all journal entry please. 10.00 points On October 10, the stockholders' equity of Sherm Systems appears as follows: Common stock-$10 par value, 84,000 shares authorized,

all journal entry please.image text in transcribed

10.00 points On October 10, the stockholders' equity of Sherm Systems appears as follows: Common stock-$10 par value, 84,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 840,000 276,000 960,000 $2,076,000 1. Prepare journal entries to record the following transactions for Sherm Systems. a. Purchased 6,200 shares of its own common stock at $37 per share on October 11. b. Sold 1,300 treasury shares on November 1 for $43 cash per share c. Sold all remaining treasury shares on November 25 for $32 cash per share. View transaction list Journal entry worksheet Record the purchase of 6,200 shares of its own common stock for $37 cash per share

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