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Common stock$113 par value. 30,000 shares authorizedIr issued, and outstanding $ 300.000 Paidin. capital in excess of par value, common ate-ck 256,000 Retained earnings 923,000 Total stockholders' equity $1,984,000 1. Preparejournal entries to record the following transactions for Sherman Systems. a. Purchased 5,800 shares of its own common stock at $33 per share on October '11. b. Sold 1,200 treasury shares on November'l for $39 cash per share. c. Sold all remaining treasury shares on November 25 for $23 cash per share. 2. Prepare the stockholders' equity section alter the October 11 treasury stock purchase. Complete this question by enterlng your amen: In the trolls below. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,80!) Shara of Its own common stock at $33 per share on October 11. b. Sold 1,200 treasury shares on November 1 for $39 cash per share. o. Sold all remaining treasury shares on November 25 for $28 cash per share. View transaction "51 Journal entry worksheet Show last