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On October 1 0 , the stockholders equity section of Sherman Systems appears as follows. Common stock $ 1 0 par value, 8 8 ,

On October 10, the stockholders equity section of Sherman Systems appears as follows.
Common stock$10 par value, 88,000 shares authorized, issued, and outstanding $ 880,000
Paid-in capital in excess of par value, common stock 296,000
Retained earnings 992,000
Total stockholders equity $ 2,168,000
Prepare journal entries to record the following transactions for Sherman Systems.
Purchased 6,600 shares of its own common stock at $41 per share on October 11.
Sold 1,400 treasury shares on November 1 for $47 cash per share.
Sold all remaining treasury shares on November 25 for $40 cash per share.
Prepare the stockholders' equity section after the October 11 treasury stock purchase. Record the purchase of 6,600 shares of its own common stock for $41 cash per share.b. Sold 1,400 treasury shares on November 1 for $47 cash per share.
c. Sold all remaining treasury shares on November 25 for $40 cash per share. Prepare the stockholders' equity section after the October 11 treasury stock purchase.

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