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On October 10, the stockholders' equity of Sherman Systems appears as follows Common stock-$10 par value, 97,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity s 970,000 341,000 1.064,000 $2,375,000 ed ok 1. Prepare journal entries to record the following transactions for Sherman Systems ences a. Purchased 7,500 shares of its own common stock at $50 per share on October 11 b. Sold 1,625 treasury shares on November 1 for $56 cash per share. e. Sold all remaining treasury shares on November 25 for $45 cash per share. View transaction list Journal entry worksheet Record the purchase of 7,500 shares of its own common stock for s50 cash per share. Note: Enter debits before credits