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Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries to record the following transactions for Sherman
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,500 shares of its own common stock at $40 per share on October 11. b. Sold 1,375 treasury shares on November 1 for $46 cash per share. C. Sold all remaining treasury shares on November 25 for $35 cash per share. Show less A No Transaction General Journal Debit Credit 1 a Treasury stock Cash 260.000 260.000 2. b. Cash 63,250 Treasury stock 63.250 X 3 179.375 Cash Treasury stock 8 179.375 X Required 2 > X Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the stockholders' equity section after the October 11 treasury stock purchase. Revised Equity Section of Balance Sheet After October 11 Total contributed capital 0 Total Total stockholders' equity 9 0 X Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the stockholders' equity section after the October 11 treasury stock purchase. Revised Equity Section of Balance Sheet After October 11 Total contributed capital 0 Total Total stockholders' equity 9 0
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