On October 10, the stockholders' equity section of Sherman Systems appears as follows. Common stock-$10 par value, 5,275 shares authorized, issued, and outstanding Paid in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 890,000 301, eee 1,880,000 $ 2, 191, 880 1. Prepare Journal entries to record the following transactions for Sherman Systems a. Purchased 6,700 shares of its own common stock at $42 per share on October 11. b. Sold 1.425 treasury shares on November 1 for $48 cash per share. c. Sold all remaining treasury shares on November 25 for $41 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 6,700 shares of its own common stock at $42 per share on October 11, b. Sold 1,425 treasury shares on November 1 for $48 cash per share. c. Sold all remaining treasury shares on November 25 for $41 cash per share. Show less View transaction list Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,700 shares of its own common stock at $42 per share on October 11. b. Sold 1,425 treasury shares on November 1 for $48 cash per share. c. Sold all remaining treasury shares on November 25 for $41 cash per share. View transaction list Journal entry worksheet