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On October 10, the stockholders' equity of Sherman Systenls appears as follows. Common stock-$10 par value, 84,000 shares authorized, 15sued, and outstanding Paid-in capital in

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On October 10, the stockholders' equity of Sherman Systenls appears as follows. Common stock-$10 par value, 84,000 shares authorized, 15sued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 840,000 276,000 960,000 $ 2,076,000 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,200 shares of its own common stock at $37 per share on October 11. b. Sold 1.300 treasury shares on November 1 for $43 cash per share. c. Sold all remaining treasury shares on November 25 for $32 cash per share. View transaction list Journal entry worksheet Record the reissue of the remaining shares of the treasury stock for $32 cash per share. 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 Credit Debit 229,400 Treasury stock Cash 229,400 | Record entry Clear entry View general journal View transaction list Journal entry worksheet

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