Answer:
Sheridan Company
1. Journal Entries:
Jan. 18 Debit Cash $1,920,000 
Credit Common stock $800,000
Credit Paid-in capital in excess of par $1,120,000
To record the issuance of 80,000 shares of common stock at $24 per share.
Aug. 20 Debit Treasury stock $260,000
Debit Paid-in capital in excess of par $416,000
Credit Cash $676,000
To record the repurchase of 26,000 shares of Sheridan Company common stock at $26 per share to be held in the treasury.
Nov. 5 Debit Cash $1,600,000
Credit Common stock $500,000
Credit Paid-in capital in excess of par$1,100,000
To record the issuance of 50,000 shares of common stock at $32 per share.
2. Stockholders' Equity Section of Sheridan Company
Balance Sheet at December 31, 2019:
Paid-in capital
Common stock, $10 par value, 410,000 shares authorized;
330,000 issued and outstanding     $4,600,000
Paid-in capital in excess of par           3,054,000
Treasury stock                                      (260,000)
Total paid-in capital                             7,394,000
Retained earnings                                 900,000
Total stockholders' equity               $8,284,000
Explanation:
a) Data and Calculations:
Stockholders' Equity Section of Sheridan Company
Balance Sheet at December 31, 2019:
Paid-in capital
Common stock, $10 par value, 410,000 shares authorized;
330,000 issued and outstanding     $3,300,000
Paid-in capital in excess of par            1,250,000
Total paid-in capital                             4,550,000
Retained earnings                                  800,000
Total stockholders' equity                $5,350,000
b) Transaction Analysis:
Jan. 18 Cash $1,920,000 Common stock $800,000 Paid-in capital in excess of par $1,120,000
Aug. 20 Treasury stock $260,000 Paid-in capital in excess of par $416,000 Cash $676,000
Nov. 5 Cash $1,600,000 Common stock $500,000 Paid-in capital in excess of par$1,100,000
Common stock:
Dec. 31, 2019:  330,000 issued and outstanding     $3,300,000
Jan. 18, 2020:    80,000 issued of new shares             800,000
Nov. 5, 2020:    50,000 issued of additional shares    500,000
Dec. 31, 2020: 460,000 issued and outstanding    $4,600,000
Paid-in capital in excess of par
December 31, 2019            $ 1,250,000
Jan. 18 issue                           1,120,000
Aug. 20 treasury stock           (416,000)
Nov. 5 issue of new shares  1,100,000
December 31, 2020          $3,054,000
Retained Earnings:
December 31, 2019    $800,000
Net income for 2020    100,000
December 31, 2020  $900,000