Question: Only Part 2 please value 1.36 points On October 10, the stockholders' equity of Sherman Systems appears as follows Common stock-$10 par value, 74,000 shares

Only Part 2 please value 1.36 points On October 10, the stockholders' equity of Sherman Systems appears as follows Common stock-$10 par value, 74,000 Only Part 2 please

value 1.36 points On October 10, the stockholders' equity of Sherman Systems appears as follows Common stock-$10 par value, 74,000 shares authorized, issued, and outstanding 740,000 Paid-in capital in excess of par value, Common stock 226,000 Retained earnings 880,000 Total stockholders' equity 1,846,000 1. Prepare journal entries to record the following transactions for Sherman Systems a. Purchased 5,200 shares of its own common stock at $27 per share on October 11 b. Sold 1,050 treasury shares on November 1 for $33 cash per share. c. Sold all remaining treasury shares on November 25 for $22 cash per share. view transaction list view general journal Journal Entry Worksheet 1 2 3 Record the purchase of 5,200 shares of its own common stock for $27 cash per share. Transaction General Journal Debit Credit *Enter debits before credits done clear entry record entry

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