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2 requirements1st part requires 3 journal entries ...

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Accounting

2 requirements
1st part requires 3 journal entries
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Exercise 11-13 (Algo) Recording and reporting treasury stock transactions LO P3 1. Prepare joumal entries to record the following transoctions for Sherman Systems. a. Purchased 5,400 shares of its own common stock at $29 per share on October 11 . b. Sold 1,100 treasury shares on November 1 for $35 cash per share. c. Sold all remaining treasury shares on November 25 for $28 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. a. Purchased 5,400 shares of its own common stock at $29 per share on october 11 . b. Sold 1,100 treasury shares on November 1 for $35 cash per share. c. 501 all remaining treasury shares on November 25 for $28 cash per share. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,400 shares of Its own common stock at $29 per share on October 11 . b. Sold 1,100 treasury shares on November 1 for $35 cash per share. c. Sold all remaining treasury shares on November 25 for $28 cash per share. 1 Record the purchase of 5,400 shares of its own common stock for $29 cash per share. 2. Record the reissue of 1,100 shares of the treasury stock for $35 cash per share. 3 Record the reissue of the remaining shares of the treasury stock for $28 cash per share. 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,400 shares of its own common stock at $29 per share on October 11 . b. Sold 1,100 treasury shares on November 1 for $35 cash per share. c. Sold all remaining treasury shares on November 25 for $28 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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