On October 10. the stockholders' equity of Sherman Systems appears as follows: Common stock-$10 par value, 72,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $720,000 216,000 864,000 $1,800,0e0 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,000 shares of its own common stock at $25 per share on October 11 b. Sold 1,000 treasury shares on November 1 for $31 cash per share c. Sold all remaining treasury shares on November 25 for $20 cash per share View transaction list View journal entry worksheet Debit Credit No Transaction General Jourmal 125,000 Treasury stock 125,000