On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 85,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 850,000 281,000 968,000 $2,099,000 1. Prepare journal entries to record the following transactions for Sherman Systems a. Purchased 6,300 shares of its own common stock at $38 per share on October 11. b. Sold 1,325 treasury shares on November 1 for $44 cash per share c. Sold all remaining treasury shares on November 25 for $33 cash per share. Answer is not complete Transaction General Journal Debit Credit Treasury stock 239.400 Cash 239,400 2 Cash 58.300 0,350 50 Trea sury stock Paid-in capital, treasury stock 164,175 Cash Paid-in capital, treasury stock Retained earnings 2. Prepare the revised equity section of its balance sheet after the October 11 treasury stock purchase Answer is not complete. Revised Equity Section of Balance Sheet After October 11 Total contributed capital Total Total stockholders' equity