On October the stockholders equity section of Sherman Systems appears as follows.
Common stock$ par value, shares authorized, issued, and outstanding $
Paidin capital in excess of par value, common stock
Retained earnings
Total stockholders equity $
Prepare journal entries to record the following transactions for Sherman Systems.
a Purchased shares of its own common stock at $ per share on October
b Sold treasury shares on November for $ cash per share.
c Sold all remaining treasury shares on November for $ cash per share.
Prepare the stockholders' equity section after the October treasury stock purchase.
