Chapter 11 Homework i Saved Help Save & Exit Submit Check my work On October 10, the stockholders' equity of Sherman Systems appears as follows. 25 points Common stock-$10 par value, 88,880 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 889.999 296, eee 992,800 $ 2,168,000 eBook Hint Print 1. Prepare journal entries to record the following transactions for Sherman Systems. References a. Purchased 6,600 shares of its own common stock at $41 per share on October 11. b. Sold 1,400 treasury shares on November 1 for $47 cash per share. c. Sold all remaining treasury shares on November 25 for $36 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 journal entries to record the following transactions for Sherman Systems. a. Purchased 6,600 shares of its own common stock at $41 per share on October 11. b. Sold 1,400 treasury shares on November 1 for $47 cash per share. c. Sold all remaining treasury shares on November 25 for $36 cash per share. Show less