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On October 10, the stockholders' equity of Sherman Systems appears as follows Common stock-$10 par value, 81,000 shares authorized, issued, and outstanding Paid-in capital in

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On October 10, the stockholders' equity of Sherman Systems appears as follows Common stock-$10 par value, 81,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 810,000 261,000 936,000 $2,007,e00 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,900 shares of its own common stock at $34 per share on October 11. b. Sold 1,225 treasury shares on November 1 for $40 cash per share. c. Sold all remaining treasury shares on November 25 for $29 cash per share

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