On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 98,090 shares authorized, issued, and outstanding Paid in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 900,000 306,000 1,088,000 $ 2,214,000 1. Prepare journal entries to record the following transactions for Sherman Systems a. Purchased 6,800 shares of its own common stock at $43 per share on October 11, b. Sold 1.450 treasury shares on November 1 for $49 cash per share C. Sold all remaining treasury shares on November 25 for $38 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 6,800 shares of its own common stock at $43 per share on October 11. b. Sold 1,450 treasury shares on November 1 for $49 cash per share. c. Sold all remaining treasury shares on November 25 for $38 cash per share. Show less View transaction list Journal entry worksheet Record the reissue of the remaining shares of the treasury stock for $38 cash per share. ote de 9