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QUESTION
On October 10, the stockholders' equity of Sherman Systems appears as follows:
- 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.
Explain the journal entry please
