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Complete this question by entering your answers in the tabs below. Prepare fournal entries to record the following transactions for Sherman Systems: a. Purchased 5,000
Complete this question by entering your answers in the tabs below. Prepare fournal 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 $24 cash per share. Journal entry worksheet Prepare fournal entries to record the following transactions for Sherman Systems. a. Purchased 5,000 shares of lts 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 $24 cosh per share. Journal entry worksheet Record the purchase of 5,000 shares of its own common stock for $25cash per share. Note: Inter detits befere credits. Frepare journal entries to recerd 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 531 cash per share. c. Soid all remaining treasury shares on November 25 for $24 eash per share. Journal entry worksheet Mecerd the reissue of 1,000 shares of the treasury stock for $31 cash per sharip- Mota tader atenits heterf conests. c. Sold all remaining treasury shares on November 25 for $24 cash per share. Journal entry worksheet Record the reissue of the remaining shares of the treasury stock for $24 cash per share. Note: Enter debits before credits. 1. Prepare journal entricts 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 $24 casht per share. 2. Prepare the stockholders' equity section after the October 11 treasury stock purchase., Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section after the October 11 treasury stock purchase
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