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On October $10,$ the stockholders' equity section of Sherman Systems appears as follows.On October $10,$ the stockholders' equity section of Sherman Systems appears as follows.

Common stock$-$$$10$ par value, $92,000$ shares authorized, issued, and outstanding

Paid$-$in 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 $7,000$ shares of its own common stock at $$45$ per share on October $11.$

b$.$ Sold $1,500$ treasury shares on November $1$ for $$51$ cash per share.

c$.$ Sold all remaining treasury shares on November $25$ for $$44$ cash per share.

Prepare the stockholders' equity section after the October $11$ treasury stock purchase.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Prepare the stockholders' equity section after the October $11$ treasury stock purchase.

Common stock$-$$$10$ par value, $92,000$ shares authorized, issued, and outstanding

Paid$-$in 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 $7,000$ shares of its own common stock at $$45$ per share on October $11.$

b$.$ Sold $1,500$ treasury shares on November $1$ for $$51$ cash per share.

c$.$ Sold all remaining treasury shares on November $25$ for $$44$ cash per share.

Prepare the stockholders' equity section after the October $11$ treasury stock purchase.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Prepare the stockholders' equity section after the October $11$ treasury stock purchase.

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