On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 83,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 830,000 271,000 952,000 $2,053,000 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,100 shares of its own common stock at $36 per share on October 11. b. Sold 1,275 treasury shares on November 1 for $42 cash per share. c. Sold all remaining treasury shares on November 25 for $31 cash per share. View transaction list Journal entry worksheet 1 2 > Record the purchase of 6,100 shares of its own common stock for $36 cash per share. Note: Enter debits before credits. General Journal Debit Credit LA Transaction a. Treasury stock Cash 219,600 N 219,600 2. Prepare the revised equity section of its balance sheet after the October 11 treasury stock purchase. Revised Equity Section of Balance Sheet After October 11 Common stock, $10 par Paid-in capital in excess of par value, common stock Total contributed capital Retained earnings Total Less: Cost of treasury stock Total stockholders' equity 0 $ 0