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1. Prepare journal entries to tecord the following transactions for Sherman Systems: a. Purchased 6,900...

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Accounting

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1. Prepare journal entries to tecord the following transactions for Sherman Systems: a. Purchased 6,900 shares of its own common stock at $44 per share on Gctober it. b. Sold 1,475 treasury shares on November 1 for $50 cash pet share. c. Sold all remaining treasury shares on November 25 for $43 cash per share. 2. Prepare the stockholders equity secton after the October 11 treasury stock purchase Complete this question by entering your answers in the tabs below. Prepare foumal entries to record the following trankactions for Sherman Systems. a. Purchased 6,900 thates of its own common stock at. 544 per share on October 11 . b. Sold 1,475 treasury thares on November 1 for 550 cash per stare: c. Sold all remaining treasisry shares on November 25 for 543 cash per share

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