On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 88,000 shares authorised, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 880,000 296,000 992,000 $2,168,000 1. Prepare journal entries to record the following transactions for Sherman Systems a. Purchased 6,600 shares of its own common stock at $41 per share on October 11. b. Sold 1,400 treasury shares on November 1 for $47 cash per share. c. Sold all remaining treasury shares on November 25 for $36 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 journal entries to record the following transactions for Sherman Systems. a. Purchased 6,600 shares of its own common stock at $41 per share on October 11. b. Sold 1,400 treasury shares on November 1 for $47 cash per share. c. Sold all remaining treasury shares on November 25 for $36 cash per share. Required 1 Required 2 Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,600 shares of its own common stock at $41 per share on October 11. b. Sold 1,400 treasury shares on November 1 for $47 cash per share. c. Sold all remaining treasury shares on November 25 for $36 cash per share. View transaction list Journal entry worksheet Record the reissue of the remaining shares of the treasury stock for $36 cash per share. ces Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 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