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On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par...

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Accounting

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On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 78,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 5 780,000 245,000 912, eee $1,938,00 1. Prepare journal entries to record the following transactions for Sherman Systems a. Purchased 5.600 shares of its own common stock at $31 per share on October 11 b. Sold 1150 treasury shares on November 1 for $37 cash per share c. Sold all remaining treasury shares on November 25 for $26 cash per share, View transaction list Journal entry worksheet 2 3 NOX 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,600 shares of its own common stock at $31 per share on October 11 b. Sold 1,150 treasury shares on November 1 for $37 cash per share. c. Sold all remaining treasury shares on November 25 for $26 cash per share. View transaction list Journal entry worksheet 3 Record the purchase of 5,600 shares of its own common stock for $31 cash per share. Note Enter de belonero Transaction General Journal Debe Credit Prey 6 of 20 Next > -arch

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