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2. Prepare the revised equity section of its balance sheet after the October 11 treasury stock purchase. Revised Equity Section of Balance Sheet After October 11 Total contributed capital Total Total stockholders' equity On October 10, the stockholders' equity of Sherman Systems appears as follows. 10 Connon stock-$10 par value, 82,000 ahares authorized, isued, and outstanding Paid-in capital in excess of par value, connon atock Retained earnings $ 820,000 266,000 944,000 15 points Total stockholders' equity $2,030,000 Skipped 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6.000 shares of its own common stock at $35 per share on October 11. b. Sold 1,250 treasury shares on November 1 for $41 cash per share. c. Sold all remaining treasury shares on November 25 for $30 cash per share. Vew transaction let Journal entry worksheet Record the purchase of 6,000 shares of its own common stock for $35 cash per share. hote Eer detts beore credts Transaction General Journal Debit Credit Mc HIE