arch ework Required i Sevod Exercise 13-12 Recording and reporting treasury stock transaction On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 81,000 shares authorized, issued, and outstanding $ 810,000 Paid-in capital in excess of par value, common stock Retained earnings 261,000 936,000 Total stockholders' equity $2,007,000 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. 2. Prepare the stockholders' equity section after the October 11 treasury stock purchas Complete this question by entering your answers in the tabs below. O Ei < Prev 12 of 12 Ne P 0