Question: 2. Prepare the stockholders' equity section after the October 11 treasury stock purchase. Q Answer is not complete. Complete this question by entering your answers

stock purchase. Q Answer is not complete. Complete this question by entering

2. Prepare the stockholders' equity section after the October 11 treasury stock purchase. Q Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section after the October 11 treasury stock purchase. 1. Prepare journal entries to record the following transactions for Sherman Systems: a. Purchased 5,000 shares of its own common stock at $25 per share on October 11 . b. Sold 1,000 treasury shares on November 1 for $31 cash per share. c. Sold all remaining treasury shares on November 25 for $24 cash per share. 2. Prepare the stockholders' equity section after the October 11 treasury stock purchose. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare journai entres to record the following transactions for Sherman 5ystems. 3. Hurchased 5,000 shares of its own common stock at $25 per share on Oetober 11 . b. Sold 1,000 treasury shares on November 1 for $31 cash per share. c. Soid all remaring treasury thares on November 25 for $24 cash per share

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