Homework 6 Help Save & Exit Check Exercise 11-10 Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders' equity of Sherman Systems appears as follows Common stock-$10 par value, 77,000 shares 770,000 241,000 904,000 $1,915,000 authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Total stockholders equity 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,500 shares of its own common stock at $30 per share on October 11 b. Sold 1,125 treasury shares on November 1 for $36 cash per share c. Sold all remaining treasury shares on November 25 for $25 cash per share. Vlew Prey 40f 5 Next >