On October 10, the stockholders?? equity section of ShermanSystems appears as follows. Common stock??$10 par value, 72,000shares authorized, issued, and outstanding $ 720,000 Paid-incapital in

On October 10, the stockholdersâ?? equity section of ShermanSystems appears as follows. Common stockâ??$10 par value, 72,000shares authorized, issued, and outstanding $ 720,000 Paid-incapital in ex 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,000 shares of its own common stock at \( \$ 25 \) per share on October 11. b. Sold 1,000 treasury sh 2 answers