On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 93,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 930, eee 321, eee 1,032, eee $2,283,000 Book Hint 1. Prepare journal entries to record the following transactions for Sherman Systems. eferences a. Purchased 7100 shares of its own common stock at $46 per share on October 11. b. Sold 1,525 treasury shares on November 1 for $52 cash per share. c. Sold all remaining treasury shares on November 25 for $41 cash per share. View transaction list Journal entry worksheet 2 1 3 Record the purchase of 7,100 shares of its own common stock for $46 cash per share. Me Graw