On October 10, the stockholders equity of Sherman Systems appears as follows Common Stock $10 par value, 96,900 shanes authorized, issued, and outstanding Paid-in capital in excess of par value, common Stock Retained earnings Total stockholders' equity $ 960,090 336,900 1,956,000 $ 2,352,9ee 1. Prepare journal entries to record the following transactions for Sherman Systems. o. Purchased 7400 shares of its own common stock at $49 per share on October 11. b. Sold 1600 treasury shares on November 1 for $55 cash per share c. Sold all remaining treasury shares on November 25 for $44 cash per share. Prepare journal entries to record the following transactions for Sherman Systems . Purchased 7.400 shares of its own common stock at $49 per share on October 11 . Sold 1,600 treasury shares on November 1 for $55 cash per share. . Sold all remaining treasury shares on November 25 for $44 cash per share View transaction list Journal entry worksheet 2 3 Record the purchase of 7.400 shares of its own common stock for $49 cash per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 3 Record the reissue of 1,600 shares of the treasury stock for $55 cash per share. Note: Enter debits before credits. Transaction General Journal DebitCredit Record entry Clear entry View general joumall View transaction list Journal entry worksheet 1 2 3 to.. Record the reissue of the remaining shares of the treasury stock for $44 cash per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry View general journal 2. Prepare the revised equity section of its balance sheet after the October 11 treasury stock purchase. Revised Equity Section of Balance Sheet After October 11 Total contributed capital Total Total stockholders' equity