On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par...
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On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 81,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholdersequity $ 81e, cee 261,890 936, 600 $ 2, e87, eee 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5.900 shares of its own common stock at $34 per share on October 11. b. Sold 1.225 treasury shares on November 1 for $40 cash per share. C. Sold all remaining treasury shares on November 25 for $29 cash per share. View transaction list Journal entry worksheet
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