Don't worry about Required 1 I just need to know Req 2
Exercise 11-13 (Algo) Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders equity section of Sherman Systems appears as follows. 1. Prepare joumal 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 $39 cash per share. 2. Prepare the stockholders' equily section after the October 11 treasury stock purchase, Complete this question by entering your answers in the tabs below. Prepare journal entries to record the following transactions for Sherman System5: A. Putrhomed 6.500 shares of its own common stock at $40 per share on October 11 . 1. Prepare joumal 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 $39 cash 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 fournat entries to record the following transacthons 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 al remaining treasury shares on November 25 for $39 cash per share. a. Purchiased 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 $39 cash per share: Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section after the October 11 treasury stock purchase. Exercise 11-13 (Algo) Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders equity section of Sherman Systems appears as follows. 1. Prepare joumal 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 $39 cash per share. 2. Prepare the stockholders' equily section after the October 11 treasury stock purchase, Complete this question by entering your answers in the tabs below. Prepare journal entries to record the following transactions for Sherman System5: A. Putrhomed 6.500 shares of its own common stock at $40 per share on October 11 . 1. Prepare joumal 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 $39 cash 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 fournat entries to record the following transacthons 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 al remaining treasury shares on November 25 for $39 cash per share. a. Purchiased 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 $39 cash per share: Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section after the October 11 treasury stock purchase
