Common stock-$10 par value, 72,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 720,000 216,000 864,000 $1,800,000 1. Prepare journal entries to record the following transactions for Sherman Systems. 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 c. Sold all remaining treasury shares on November 25 for $20 cash per share. View transaction list Journal entry worksheet Record the purchase of 5,000 shares of its own common stock for $25 cash per share. Note: Enter debits before credits. Transaction General Journal Credit Debit a. 1. Prepare journal entries to record the following transactions for Sherman Systems ts a. Purchased 5,000 shares of its own common stock at $25 per share on October 11 b. Sold 1000 treasury shares on November 1 for $31 cash per share c. Sold all remaining treasury shares on November 25 for $20 cash per share. eBook View transaction list Print Journal entry worksheet ferences Record the reissue of 1,000 shares of the treasury stock for $31 cash per share. Note: Enter debits before credits. Debit Credit General Journal Transaction View general journal Clear entry Record entry 1. Prepare journal entries to record the following transactions for Sherman Systems. 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. c. Sold all remaining treasury shares on November 25 for $20 cash per share View transaction list Journal entry worksheet Record the reissue of the remaining shares of the treasury stock for $20 cash per share. Note: Enter debits before credits. Transaction Debit Credit General Journal . Record entry Clear entry View general journal