Business, 03.08.2019 02:20 hntnhtthnyt
On october 10, the stockholders’ equity of sherman systems appears as follows: common stock–$10 par value, 72,000 sharesauthorized, issued, and outstanding $ 720,000 paid-in capital in excess of par value, common stock 216,000 retained earnings 864,000 total stockholders’ equity $ 1,800,000 1. prepare 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.
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On october 10, the stockholders’ equity of sherman systems appears as follows: common stock–$10 par...
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