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On October 10, the stockholders equity of Sherman Systems appears as follows. Common stock-$10 par value, 79,000 shares authRequired 1 Required 2 Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,700 shI need all three jorunals, thank youRequired 1 Required 2 Prepare the stockholders equity section after the October 11 treasury stock purchase. Revised Equity S

The following information is from Amos Company for the year ended December 31, 2019. a. Retained earnings at December 31, 201

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1)   Journal Entries
Date Accounts & explanation debit credit
Oct-11 Treasury stock 5700* 32 $             1,82,400
                 Cash $      1,82,400
( To record the purchases of Treasury Stock )
Nov-01 Cash (1750*38) $                 66,500
             Treasury stock 1750*32 $          56,000
             Paid in capital in excess tresury stock $          10,500
Nov-25 Cash 3950*27 $             1,06,650
Paid in capital in excess treasury stock $                 10,500
Retained earnings $                   9,250
             Treasury stock 3950*32 $      1,26,400
2)   Stakeholder equity section
revised equity section after 11 oct repurchase
Common stock                 7,90,000
Paid in capital in excess of par common stock                 2,51,000
Total contributed capital               10,41,000
Retained earnings                 9,20,000
Total               19,61,000
Less Treasury stock                -1,82,400
Total stockholders equity               17,78,600
3
AMOS Company
Statement Retained earning
For year ended December 31, 2019
Particulars Amount
Retained earnings December 31st, 2018 $       8,54,000
Prior period adjustment
Depreciation expense error $         -35,600
Adjusted retained earnings December 31st, 2018 $       8,18,400
Add: Net income $       2,08,000
Less: Dividend $         -23,000
Retained earnings December 31st, 2019 $     10,03,400
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