On October 10, the stockholders' equity section of Sherman Systems appears as follows. Common stock-$10 par value, 84,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 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 $36 cash per share. 2. Prepare the stockholders' equity section after the October 11 treasury stock purchase. $840,000 276,000 960,000 $ 2,076,000 Required 1 Required 2 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 $36 cash per share. View transaction list Journal entry worksheet < 1 2 3 Record the purchase of 6,200 shares of its own common stock for $37 cash per share. Note: Enter debits before credits ^ Show less A Journal entry worksheet < 2 3 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 Credit View general journal Record entry Clear entry > Journal entry worksheet < 1 2 3 Record the reissue of 1,300 shares of the treasury stock for $43 cash per share. Note: Enter debits before credits. Transaction b. General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 Record the reissue of the remaining shares of the treasury stock for $36 cash per share. Note: Enter debits before credits. Transaction C. General Journal Debit Credit View general journal Record entry Clear entry Check Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the stockholders' equity section after the October 11 treasury stock purchase. Revised Stockholders' Equity Section of Balance Sheet After October 11 Total contributed capital Total Total stockholders' equity