On October 10, the stockholders equity of Sherman Systems appears as follows.

Common stock$10 par value, 75,000 shares authorized, issued, and outstanding	$	750,000
Paid-in capital in excess of par value, common stock		231,000
Retained earnings		888,000
Total stockholders equity	$	1,869,000

1. Prepare journal entries to record the following transactions for Sherman Systems.

Purchased 5,300 shares of its own common stock at $28 per share on October 11.

Sold 1,075 treasury shares on November 1 for $34 cash per share.

Sold all remaining treasury shares on November 25 for $23 cash per share.

Exercise 1110 Recording and reporting treasury stock transactlons LO P3 On Octaber 10, the stackhaiders' eculty of Shemon Syatems appeers ss fal awa. 1. Prepore journsl entres to recood the fol owing transsctons for Shermen Systemi. B. Purchssed 5.300 shsres of ths own common stock st $26 per share on Octaber nt. b. Sold 1,075 tressury aheres on November 1 for $34 cssh per share c. Gold al remsining tressury shsres on Rove mber 25 for $23 cosh per snare. Journal entry worksheet Fleoond the purchase of 5,300 shares af its own common stook for $28 asash per share Wqlaz: Entir chitas tmifore trvitals 2 Prepsre the revised eculty section of its bsisnce shest sfter the October 11 tressury stack purchese