On October 10, the stockholders equity of Sherman Systems appears as follows.

On October 10, the stockholders' equity of Sherman Systems appears as follows Common stock-$10 par value, 89,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 890,000e 301,000 1,000,000 $ 2,191,000 Total stockholders' equity 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,700 shares of its own common stock at $42 per share on October 11 b. Sold 1,425 treasury shares on November 1 for $48 cash per share. c. Sold all remaining treasury shares on November 25 for $37 cash per share. View transaction list Journal entry worksheet 2 3 Record the purchase of 6,700 shares of its own common stock for $42 cash per share