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On October 10, the stockholders' equity of Sherman Systems appears as follows. 2 Common stock-$10 par value, 85, eee shares authorized, issued, and outstanding Paid-in
On October 10, the stockholders' equity of Sherman Systems appears as follows. 2 Common stock-$10 par value, 85, eee shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 850,00 281,800 968, eee $2,099, eee 5 points 1. Prepare journal entries to record the following transactions for Sherman Systems. .. Purchased 6.300 shares of its own common stock at $38 per share on October 11. b. Sold 1.325 treasury shares on November 1 for $44 cash per share. c. Sold all remaining treasury shares on November 25 for $33 cash per share. 2. Prepare the stockholders' equity section after the October 11 treasury stock purchase. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,300 shares of its own common stock at $38 per share on October 11. b. Sold 1,325 treasury shares on November 1 for $44 cash per share. c. Sold all remaining treasury shares on November 25 for $33 cash per share. Show less 1. Prepare journal entries to record the following transactions for Sherman Systems. .. Purchased 6.300 shares of its own common stock at $38 per share on October 11. b. Sold 1.325 treasury shares on November 1 for $44 cash per share. c. Sold all remaining treasury shares on November 25 for $33 cash per share. 2. Prepare the stockholders' equity section after the October 11 treasury stock purchase. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the stockholders' equity section after the October 11 treasury stock purchase. Revised Equity Section of Balance Sheet After October 11 Total contributed capital Total Total stockholders' equity
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