Exercise 11-14 (Algo) Recording and reporting treasury stock transactions LO P3 On October 10, the stockholder' equity section of Sheiman Symema appesrs as follows. Comon stock-\$10 par vatue, 74,00e shares authorized, issued, and outstanding pald-in capitat in excess of par value, common stock Retained earnings Totat stockholders ' equity \$. 740,600 226,000 5860,000 1,846,ese 1. Prepare journal entries to recoed the following transactions for Sherman Syatems. a. Purchased 5200 shares of is own common stock at $27 per share on October it b. Sold 1050 treasury shares on November 1 for $93 cash per shere. c. Sold all remaining treasury shares on November 25 for $22 cash per share 2. Prepare the stockholders' equity section after the Octaber 11 treasury stock purchase. Complete this question by entering your answers in the tabs below. \begin{tabular}{|c|c|} \hline Required & Required \\ 1 & 2 \\ \hline \end{tabular} Prepare joumal eotries to record the following transactions for Sherman Systems. a. Purchased $,200 shares of its own common stock at $27 per share on October 11 . b. Sold 1,050 treasury shares on November 1 for $33 cash per share: c. Sold all remaining treasury shares on November 25 for $22 cash per share. Show less A View transaction list Journal entry worksheet \begin{tabular}{l|l|l} 1 & 2 & 3 \\ \hline \end{tabular} Record the reissue of 1,050 shares of the treasury stock for $33 cash per share. Note: Enter debits before credits. Exercise 11-14 (Algo) Recording and reporting treasury stock transactions to p3 On October 10, the stockholders' equity section of Shefinan Systems appears as follows: Common stock-510 par vatue, 74,0e0 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earaings Total stockholders' equity 5740,009226,000880,0001,846,800 1. Prepare joumal entries to record the following transactions for Sherman Systems. a. Purchased 5.200 shares of its own common stock at $27 per share on October It. b. Sold 1,050 treasury shares on November 1 tor $33 cash per share. c. Sold all remaining treasury shares on November 25 for $22 cash per share. 2. Prepare the stockholders' equify section after the Octaber 11 treasury stock purchase. Complete this question by entering your answers in the tabs below. \begin{tabular}{|c|c|} \hline Required & Required \\ 1 & 2 \\ \hline \end{tabular} Prepare journal entries to record the following transactions for Sherman Systerns. a. Purchased 5,200 shares of its own common stock at $27 per share on October 11 . b. Sold 1,050 treasury shares on November 1 for $33 cosh per share. c. Sold all remaining treasury shares on November 25 for $22 cash per share. Show less A View transaction list Journal entry worksheet
