On October 10, the stockholders' equity of Sherman Systems appears as follows. Connon stock-$10 par value, 80,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders equity $ 300,000 256,000 928,000 $1,984,000 1. Prepare journal entries to record the following transactions for Sherman Systems a. Purchased 5,800 shares of its own common stock at $33 per share on October 11 b. Sold 1.200 treasury shares on November 1 for $39 cash per share. c. Sold all remaining treasury shares on November 25 for $28 cash per share. 2. Prepare the stockholders' equlty section after the October 11 treasury stock purchase Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries to record the following transactions for Sherman Systems a. Purchased 5,800 shares of its own common stock at $33 per share on October 11. b. Sold 1.200 treasury shares on November I for $39 cash per share. c. Sold all remaining treasury shares on November 2 for $28 cash per share. Show less search Saved Required 1 Required 2 Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,800 shares of its own common stock at $33 per share on October 11. b. Sold 1,200 treasury shares on November 1 for $39 cash per share. c. Sold all remaining treasury shares on November 25 for $28 cash per share. View transaction list Journal entry worksheet Record the reissue of the remaining shares of the treasury stock for $28 cash per share. Note: Enter debits before credits. Transaction General Journal Debit Credit C Record entry Clear entry View general Journal 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 0 Total 0 Total stockholders' equity S 0