On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 78,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 780,000 246,000 912,000 $1,938,000 1. Prepare journal entries to record the following transactions for Sherman Systems a. Purchased 5,600 shares of its own common stock at $31 per share on October 11. b. Sold 1,150 treasury shares on November 1 for $37 cash per share. c. Sold all remaining treasury shares on November 25 for $26 cash per share. 2. Prepare the stockholders' equity section after the October 11 treasury stock purchase. 5 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the stockholders' equity section after the October 11 treasury stock purchase. Revised Equity Section of Balance Sheet After October 11 Total contributed capital Total Che Required 1 Required 2 Prepare journal entries to record the following transactions for Sherman Systems a. Purchased 5,600 shares of its own common stock at $31 per share on October 11. b. Sold 1,150 treasury shares on November 1 for $37 cash per share. c. Sold all remaining treasury shares on November 25 for $26 cash per share. Show less View transaction ist Journal entry worksheet 3 > Record the purchase of 5,600 shares of its own common stock for $31 cash per share. Note: Enter debits before credits Transaction General Journal bebit Credit Record entry Clear entry View general Journal a. Purchased 5,600 shares of its own common stock at $31 per share on October 11. b. Sold 1,150 treasury shares on November 1 for $37 cash per share. c. Sold all remaining treasury shares on November 25 for $26 cash per share. 2. Prepare the stockholders' equity section after the October 11 treasury stock purchase. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the stockholders' equity section after the October 11 treasury stock purchase. Revised Equity Section of Balance Sheet After October 11 Total contributed capital Total Total stockholders' equity