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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 the stockholders' equity section of Sherman Systems appears as follows.
Common stock$ par value, shares authorized, issued, and outstanding Paidin 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 shares of its own common stock at $ per share on October
b Sold treasury shares on November for $ cash per share.
c Sold all remaining treasury shares on November for $ cash per share.
Prepare the stockholders' equity section after the October treasury stock purchase.
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Prepare the stockholders' equity section after the October treasury stock purchase.
tableRevised Stockholders' Equity Section of Balance Sheet After October Total contributed capital,TotalTotal stockholders' equity,
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