On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 85,800 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. 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 6,300 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. View transaction list Journal entry worksheet D. Sold 1,325 treasury snares on November 1 for $44 casn per snare, c. Sold all remaining treasury shares on November 25 for $33 cash per share. View transaction list Journal entry worksheet D. 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. View transaction list Journal entry worksheet stock for $44 cash per S Record the reissue of 1,325 shares of the share. Note: Enter debits before credits. Transaction General Journal Debit Debit Credit Credit UU Record entry Clear entry View general journal Required 2 > b. Sold 1,325 treasury shares on November 1 for $44 cash per snare. c. Sold all remaining treasury shares on November 25 for $33 cash per share. View transaction list Journal entry worksheet Record the reissue of the remaining shares of the treasury stock for $33 cash per share. Note: Enter debits before credits Transaction General Journal Debit Credit rences Record entry Clear entry View general Journal Required Required 2 >