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

Common stock-$10 par value, 77,000 shares

authorized, issued, and outstanding$770,000

Paid-in capital in excess of par value, common stock241,000

Retained earnings904,000

Total stockholders' equity$1,915,000

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

1. Purchased 5,500 shares of its own common stock at $30 per share on October 11.
2. Sold 1,125 treasury shares on November 1 for $36 cash per share.
3. Sold all remaining treasury shares on November 25 for $25 cash per share