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Exercise 1 1 - 1 4 ( Algo ) Recording and reporting treasury stock transactions LO P 3 On October 1 0 , the stockholders'
Exercise Algo Recording and reporting treasury stock transactions LO P On October the stockholders' equity section of Sherman Systems appears as follows. Common stock $ par value, shares authorized, issued, and outstanding Paidin capital in excess of par value, common stock Retained earnings Total stockholders' equity $ $ Prepare journal entries to record the following transactions for Sherman Systems. a Purchased shares of its own common stock at $ per share on October b Sold treasury shares on November for $ cash per share. c Sold all remaining treasury shares on November for $ cash per share. Prepare the stockholders' equity section after the October treasury stock purchase. Complete this question by entering your answers in the tabs below. Required Prepare journal entries to record the following transactions for Sherman Systems. a Purchased shares of its own common stock at $ per share on October b Sold treasury shares on November for $ cash per share. c Sold all remaining treasury shares on November for $ cash per share. Show less Journal entry worksheet
Exercise Algo Recording and reporting treasury stock transactions LO P
On October the stockholders' equity section of Sherman Systems appears as follows.
Common stock $ par value, shares authorized, issued, and outstanding
Paidin capital in excess of par value, common stock Retained earnings
Total stockholders' equity
$
$
Prepare journal entries to record the following transactions for Sherman Systems.
a Purchased shares of its own common stock at $ per share on October
b Sold treasury shares on November for $ cash per share.
c Sold all remaining treasury shares on November for $ cash per share.
Prepare the stockholders' equity section after the October treasury stock purchase.
Complete this question by entering your answers in the tabs below.
Required
Prepare journal entries to record the following transactions for Sherman Systems.
a Purchased shares of its own common stock at $ per share on October
b Sold treasury shares on November for $ cash per share.
c Sold all remaining treasury shares on November for $ cash per share.
Show less
Journal entry worksheet
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