On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 83,000 shares $ 830,000
authorized, issued, and outstanding
Paid-in capital in excess of par value, common stock 271,000
Retained earnings 952,000
Total stockholders' equity 2,053,000
Prepare journal entries to record the following transactions for Sherman Systems.
a. Purchased 6,100 shares of its own common stock at $36 per share on October 11.
b. Sold 1,275 treasury shares on November 1 for $42 cash per share
c. Sold all remaining treasury shares on November 25 for $31 cash per share.

Suppose that the u.s. dollars-mexican pesos exchange rate is fixed by the u.s. and mexican governments. assume also that labor is mobile between the united states and mexico due to low transportation costs.which of the following situations is likely to happen as a result of a simultaneous increase in the demand for u.s. goods and decrease in the demand for mexican goods? (pick mexican unemployment rate increases, and the country undergoes bad economic times for a sustained u.s. unemployment rate increases, and the country undergoes bad economic times for a sustained mexican unemployment rate rises at first, but it soon drops as unemployed mexicans move to the united states for mexican unemployment rate rises at first, but then it drops as mexican pesos depreciate against u.s. dollars.