On October 10, the stockholders' equity of Sherman Systems appears as follows. Conmon stock-$10 par value, 96,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, conmon stock Retained earnings Total stockholders equity 960,000 336,000 1,056,000 $2,352,e00 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 7,400 shares of its own common stock at $49 per share on October 11. b. Sold 1,600 treasury shares on November 1 for $55 cash per share. c. Sold all remaining treasury shares on November 25 for $44 cosh per share. View transaction list View journal entry worksheet Transaction General Journal Debit Credit No 362,600 1 Treasury stock a 362.600 Cash 88.000 2 b Cash 78.400 Treasury stock 9.600 Paid-in capital, treasury stock 3 Cash Paid-in capital treasury stock