On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 90,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 900,000 306,000 1,008,000 $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. 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 le View transaction list Journal entry worksheet 1 2 3 Record the purchase of 6,800 shares of its own common stock for $43 cash per share. Note: Enter debits before credits. Transaction General Journal Debit 1 Credit 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. Sho View transaction list Journal entry worksheet Record the reissue of 1,450 shares of the treasury stock for $49 cash per share. Note: Enter debits before credits Transaction General Journal Debit Credit 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 Oct 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. View transaction list Journal entry worksheet