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On October 10. the stockholders' equity of Sherman Systems appers as follows Common stock-$ie par value, 84,Bee shares authorized, issued, and outstanding Retained earnings Total
On October 10. the stockholders' equity of Sherman Systems appers as follows Common stock-$ie par value, 84,Bee shares authorized, issued, and outstanding Retained earnings Total stockholders' equity Paid-in capital in excess of par value, common stock 276,eea 960,828 $2,976,8e0 1. Prepare journal entries to record the following transactions for Sherman Systems . Purchased 6,200 shares of its own common stock at $37 per share on October 11. . Sold 1,300 treasury shares on November 1 for $43 cash per share. Sold all remaining treasury shares on November 25 for $32 cash per share. iew transaction Bst Journal entry worksheet Record the purchase of 6,200 shares of its own common stock for $37 cash per share. Note: Enter debits before credits Transaction General Journal Debit Creait 3
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