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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

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

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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

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