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Exerclse 11-13 (Algo) Recording and reporting treasury stock transactions LO P3 1. Prepare joumal entries...

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Exerclse 11-13 (Algo) Recording and reporting treasury stock transactions LO P3 1. Prepare joumal entries to record the following transactions for Sherman Systems. a. Purchased 6,000 shares of its own common stock at $35 per share on October 11 . b. Sold 1,250 treasury shares on November 1 for $41 cash per share. c. Sold all remaining treasury shares on November 25 for $34 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. Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section after the October 11 treasury stock purchase. Journal entry worksheet Record the reissue of the remaining shares of the treasury stock for $34 cash per share. Note: Enter debits before credits. Journal entry worksheet Record the purchase of 6,000 shares of its own common stock for $35 cash per share. Note: Enter debits before credits. Journal entry worksheet Record the reissue of 1,250 shares of the treasury stock for $41 cash per share. Note: Enter debits before credits

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