Exercise 11-10 Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders' equity of Sherman Systems appears as follows. stock $10 par value, 77,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stookholders" equity s 770,000 241,000 904,000 $1,915,000 1. Prepare journal entries to record the following tr ansactions for Sherman Systems. a. Purchased 5.500 shares of its own common stock at $30 per share on october f b. Sold 1125 treasury shares on November 1 for $36 cash per share. c. Sold all remaining treasury shares on November 25 for $25 cash per share Vlew t llst Prevdor s 4 of 5 ii. Next