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pok int ences Common stock 10 par value 89 000 shares authorized issued and outstanding...

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pok int ences Common stock 10 par value 89 000 shares authorized issued and outstanding Paid in capital in excess of par value common stock Retained earnings Total stockholders equity 1 Prepare journal entries to record the following transactions for Sherman Systems a Purchased 6 700 shares of its own common stock at 42 per share on October 11 b Sold 1 425 treasury shares on November 1 for 48 cash per share c Sold all remaining treasury shares on November 25 for 41 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 Required 1 Required 2 Prepare the stockholders equity section after the October 11 treasury stock purchase Revised Stockholders Equity Section of Balance Sheet After October 11 Total contributed capital 890 000 301 000 1 000 000 2 191 000 Check my work

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