On October 10, the stockholders' equity of Sherman Systems appears as follows. $ Common stock-510 par value, 75,00 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 75,000 231, $ 1.869, 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 b. Sold 1,075 treasury shares on November 1 for $34 cash per share c. Sold all remaining treasury shares on November 25 for $23 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 5.300 shares of its own common stock at $28 per share on October 11. b. 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. View transaction list View journal entry worksheet No Transaction General Journal Treasury stock Debit Credit 2 Treasury stock Paid in capital beasury stock Cash Paid in capital treasury stoc Reged 2 > On October 10, the stockholders' equity of Sherman Systems appears as follows se Common stock-$10 par value, 75,000 shares authorized, issued, and outstanding issues and outstandinkares Paid in capital in excess of par value, common stock Retained earnings Total stockholders' equity 231,00 888, $ 1.869, ce 1. Prepare journal entries to record the following transactions for Sherman Systems a. Purchased 5,300 shares of its own common stock at $28 per share on October 11 b. Sold 1,075 treasury shares on November 1 for $34 cash per share. c. Sold all remaining treasury shares on November 25 for $23 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 the stockinders' equity section after the October 11 treasury stock purchase. Revised Equity Section of Balance Sheet After October 11 Total contributed capital 0 Total stockholders' equity 3 0 Required The following information is from Amos Company for the year ended December 31, 2019. a. Retained earnings at December 31, 2018 (before discovery of error). $860,000 b. Cash dividends declared and paid during the year. $16,000 c. Two years ago, it forgot to record depreciation expense of $41,600 (net of tax benefit). d. The company earned $224,000 in net income this year. Prepare a statement of retained earnings for Amos Company (Amounts to be deducted should be indicated with a minus slon. AMOS COMPANY Statement of Retained Earnings For Year Ended December 31, 2019 Prior period adjustment
