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

Common stock$10 par value, 76,000 shares authorized, issued, and outstanding	$	760,000
Paid-in capital in excess of par value, common stock		236,000
Retained earnings		896,000
Total stockholders equity	$	1,892,000

1. Prepare journal entries to record the following transactions for Sherman Systems.

1. Purchased 5,400 shares of its own common stock at $29 per share on October 11.
2. Sold 1,100 treasury shares on November 1 for $35 cash per share.
3. Sold all remaining treasury shares on November 25 for $24 cash per share.

1. RECORD THE PURCHASE OF 5,400 shares of its own common stock at $29 CASH per share.

2. RECORD THE REISSUE OF 1,100 treasury shares on November 1 for $35 cash per share.

3. RECORD THE REISSUE OF THE REMAINING shares of the treasury stock for $24 cash per share