On October $10,$ the stockholders' equity section of Sherman Systems appears as follows.

Paid$-$in capital in excess of par value, common stock

Retained earnings

Total stockholders? equity

Prepare journal entries to record the following transactions for Sherman Systems.

a$.$ Purchased $7,100$ shares of its own common stock at $$46$ per share on October $11.$

b$.$ Sold $1\mathrm{.}525$ treasury shares on November $1$ for $$52$ cash per share.

c$.$ Sold all remaining treasury shares on November $25$ for $$45$ cash per share.

Prepare the stockholders' equity section after the October $11$ treasury stock purchase.

Complete this question by entering your answers in the tabs below.

Prepare journal entries to record the following transactions for Sherman Systems.

a$.$ Purchased $7,100$ shares of its own common stock at $$46$ per share on October $11.$

b$.$ Sold $1,525$ treasury shares on November $1$ for $$52$ cash per share.

c$.$ Sold all remaining treasury shares on November $25$ for $$45$ cash per share.

Journal entry worksheet

$1$

$2$

$3$

Record the purchase of $7,100$ shares of its own common stock for $$46$ cash per share.

Note: Enter debits before credits.