On October 10, the stockholders' equity section of Sherman Systoms appears as follown. Conmon stock-520...
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On October 10, the stockholders' equity section of Sherman Systoms appears as follown. Conmon stock-520 par value. 90,000 abaren authorkred, 1anued, and oritntanding Paid-in rapital in excone of par value. compon atoek Total stookholdera equity 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,800 shares of its own common stock at $43 per share on October 11 . b. Sold 1,450 treasury shares on November 1 for $49 cash per share. c. Sold all remaining treasury shares on November 25 for $42 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. Prepare journal entries to record the following transactions for Sherman Systems. Purchased 6,800 shares of its own common stock at $43 per share on October 11. Sold 1,450 treasury shares on November 1 for $49 cash per share. Sold all remaining treasury shares on November 25 for $42 cash per share. Journal entry worksheet Record the purchase of 6,800 shares of its own common stock for $43 cash per share. Note: Enter debits before credits. Journal entry worksheet Record the reissue of 1,450 shares of the treasury stock for $49 cash per share. Note: Enter debits before credits. Journal entry worksheet Record the reissue of the remaining shares of the treasury stock for $42 cash per share. Note: Enter debits before credits. 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,800 shares of its own common stock at $43 per share on October 11 . b. Sold 1,450 treasury shares on November 1 for $49 cash per share. c. Sold all remaining treasury shares on November 25 for $42 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. Prepare the stockholders' equity section after the October 11 treasury stock purchase
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