On October 10, the stockholders' equity section of Sherman Systems appears as follows Common Stock-$10 par value, 5,125 shares authorized, issued, and outstanding Pald.in capital in excess of par value, common stock Retained earnings Total stockholders equity $ 870,000 291,009 984,099 $ 2,145,809 1. Prepare journal entries to record the following transactions for Sherman Systems a. Purchased 6.500 shares of its own common stock at $40 per share on October 11 b. Sold 1.375 treasury shares on November 1 for $46 cash per share. c. Sold all remaining treasury shares on November 25 for $39 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 6,500 shares of its own common stock at $40 per share on October 11, b. Sold 1,375 treasury shares on November 1 for $46 cash per share. c. Sold all remaining treasury shares on November 25 for $39 cash per share. View transaction list Journal entry worksheet Record the purchase of 6,500 shares of its own common stock for $40 cash per share. Note: Enter debits before credits Transaction General Journal Debit Credit a Journal entry worksheet Record the reissue of 1,375 shares of the treasury stock for $46 cash per share. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journal led Required 2 > Journal entry worksheet