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Accounting Assignment | College Homework Help

Common stock-$10 par value, 80,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders’ equity $ 800,000 256,000 928,000 $1,984,000College Homework Help 1. Prepare Journal entries to record the following transactions for Sherman Systems. a. Purchased 5,800 shares of its own common stock at $33 per share on October 11. b. Sold 1,200 treasury shares on November 1 for $39 cash per share. c. Sold all remaining treasury shares on November 25 for $28 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 i Required 2 Prepare the stockholders’ equity section after the October 11 treasury stock purchase. Revised Equity Section of Balance Sheet After October 11 Total contributed capital Total Total stockholders’ equity Get Accounting Homework Help Today

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