Chapter 13 Homework 6 On October 10, the stockhalders' equity of Sherman Systems appears as follows: Common stock-$10 par value, 72,000 shares points authorized, Lasued, and outstanding $720,000 216,000 864,000 $1,800,000 Paid-in capital in excese of par value, conson atock Total stockholdera equity 1 Prepare journal entres to record the following transactions for Sherman Systems Print a. Purchased 5,000 shares of its own common stock at $25 per share on October 11. b. Sold 1,000 treasury shares on November 1 for $31 cash per share. References c. Sold all remaining treasury shares on November 25 for $20 cash per share. View transaction Est Journal entry worksheet Record the purchase of 5,000 shares of its own common stock for $25 cash per share. General Journal Debit Credit