On October 10, the st equity of Sherman Systems appears as follows Common stock-$10 par value, 92,000 shares authorized, issued, and outstanding$ Paid-in capital in excess of par value, common stock Retained earnings 920,000 316,000 1,024,000 Total stockholders' equity $2.260,000 1. Prepare journal entries to record the following transactions for Sherman Systems a. Purchased 7,000 shares of its own common stock at $45 per share on October 11. b. Sold 1,500 treasury shares on November 1 for $51 cash per share c. Sold all remaining treasury shares on November 25 for $40 cash per share View list Journal entry worksheet 2 3 Record the purchase of 7,000 shares of its own common stock for $45 cash per share