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Exercise 11-10 Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders' equity of Sherman Systems appears as follows. $730, 000 221,000

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Exercise 11-10 Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders' equity of Sherman Systems appears as follows. $730, 000 221,000 872,000 $1,823,000 par 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5.100 shares of its own common stock at $26 per share on October 11. b. Sold 1,025 treasury shares on November 1 for $32 cash per share. c. Sold all remaining treasury shares on November 25 for $21 cash per share. View transaction list Journal entry worksheet Record the purchase of 5,100 shares of its own common stock for $26 cash per share

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