repare journal entries to record the following transactions for Sherman Systems. Purchased 5,000 shares of its own common stock at $25 per share on October 11. Sold 1,000 treasury shares on November 1 for $31 cash per share. Sold all remaining treasury shares on November 25 for $20 cash per share. 2. Prepare the stockholders’ equity section after the October 11 treasury stock purchase.
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