Exercise $11-13($Static$)$ Recording and reporting treesury stock transactions LO P$3$

On October to$,$ the stockholders' equity section of Shemman Systems appears as follows.

Couron stack$-919$ par value, $72,000$ shares awho$-$iced, jssuod, and outstanding Paie$-$in capited in excest of par value, common stack Aetained earning

$5720,000$

$215,$ Nee

Total atackholdars' eculty

ast, att

$8.1,000,009$

Prepare journal entries $10$ record the following oransactions for Sherman Systems.

a$.$ Purchased $5000$ shares of its own common stock at $$25$ per share on October $11.$

b$.$ Sold $1000$ treasury shares on Novernber $1$ for $$31$ cash per share.

c$.$ Sold al remaining ressury shares on November $25$ for $$24$ cash per share.

Prepare the stocktholders' equity section atber the Ostober $11$ treasury stock purchase

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

Prepare the slackholders' equity section ofter the October $11$ tressury stock purchase

Complete this question by entering your answers in the tabs below$-$

Prepare gournal entries to record the following transactions for Sherman Syderna.

a$.$ Purchased $5,000$ shares of is awn common stock at $$25$ per share on October $11.$

b$.$ Sold $1,000$ treasury shares on November $1$ for $331$ cash per share.

c$.$ Sold al remainng treasury shares on Nurember $25$ for $$24$ cash per share.

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Journal entry workshee