Name: Date: Cells highlighted in green contain a drop-down list; select the appropriate account/response from the list. When the calculation for Total stockholders' equity is correct, the cell will change to yellow. On October 10, the stockholders' equity of Swanson Systems appears as follows. Common stock-$10 par value, 94,000 shares authorized, issued, and outstanding $940,000 Paid-in capital in excess of par value, common stock 326,000 Retained earings 1.040.000 Total stockholders' equity $2.306.000 1. Prepare journal entries to record the following transactions for Swanson Systems. a. Purchased 7,200 shares of its own common stock at $47 per share on October 11. b. Sold 1,550 treasury shares on November 1 for $53 cash per share. c. Sold all remaining treasury shares on November 25 for $42 cash per share. Transaction General Journal Debit Credit a. b. C. 2. Prepare the revised equity section of its balance sheet after the October 11 treasury stock purchase. (Amounts to be deducted should be indicated with a minus sign.) Revised Stockholders' Equity Section of Balance Sheet After October 11