Reference no: EM132614065
Common stock-$10 par value, 76,000 shares authorized, issued, and outstanding $
760,000 Paid-in capital in excess of par value,
common stock 236,000
Retained earnings 896,000
Total stockholders' equity $ 1,892,000
Question 1. Prepare journal entries to record the following transactions for Sherman Systems. Purchased 5,400 shares of its own common stock at $29 per share on October 11.
Sold 1,100 treasury shares on November 1 for $35 cash per share.
Sold all remaining treasury shares on November 25 for $24 cash per share.
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Calculate the total asset equity as at august
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Prepare journal entries to record transactions for sherman
: Prepare journal entries to record the transactions for Sherman Systems. Purchased 5,400 shares of its own common stock at $29 per share on October 11.
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