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3rd request for help correcting the fields in red. Thanks. Exercise 11-10 Recording and...

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3rd request for help correcting the fields in red. Thanks.

Exercise 11-10 Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders' equity of Sherman Systems appears as follows Common stock-$10 par value, 86,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, comon stock Retained earnings $ 860,000 286,000 976,000 $2,122,000 Total stockholders' equity 1. Prepare journal entries to record the following transactions for Sherman Systems a. Purchased 6,400 shares of its own common stock at $39 per share on October 11 b. Sold 1,350 treasury shares on November 1 for $45 cash per share c. Sold all remaining treasury shares on November 25 for $34 cash per share Answer is not complete 0 Transaction General Journal Debit Credit Treasury stock 249,600 Cash 249,600 Cash 60,750 52,650 8,100 Treasury stock Paid-in capital, treasury sto ck Paid-in capital, treasury stock Retained earnings Treasury stock 171,700 8,100 17,150 196,950

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