Common stock-$10 par value, 94,000shares authorized, issued, and outstanding 940,000 326,000 1,040,000 2,306,000 Retained earninge 1. Prepare journal entries to record the following transactions for Sherman Systems a Purchased 7,200 shares of its own common stock at $47 per share on October 11. b. Sold 1,550 treasury shares on November 1 for $53 cash per share. c. Sold all remaining treasury shares on November 25 for S42 cash per share. View transaction ist Journal entry worksheet Record the purchase of 7,200 shares of its own common stock for $47 cash per share. MacBook Air 2 3 5 6 9