Parts A,B,C

On October 10, the stockholders' equity section of Sherman Systems appears as follows. Common stock-$10 par value, 4,675 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 810,000 261,000 936,000 $ 2,007,000 1. Prepare journal entries to record the following transactions for Sherman Systems a. Purchased 5,900 shares of its own common stock at $34 per share on October 11. b. Sold 1.225 treasury shares on November 1 for $40 cash per share. c. Sold all remaining treasury shares on November 25 for $33 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 5,900 shares of its own common stock at $34 per share on October 11. b. Sold 1,225 treasury shares on November 1 for $40 cash per share. c. Sold all remaining treasury shares on November 25 for $33 cash per share. Show less View transaction list Journal entry worksheet Record the purchase of 5,900 shares of its own common stock for $34 cash per share, No Enter debits before credits Transaction General Journal Dobit Credit Record entry Clear entry View general journal