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1 Required information PA 1 1 - 1 ( Algo ) Analyzing Accounting Equation Effects, Recording Journal Entries, and Preparing a Partial Balance Sheet Involving
Required information
PAAlgo Analyzing Accounting Equation Effects, Recording Journal Entries, and Preparing a Partial
Balance Sheet Involving Stock Issuance and Purchose Transoctions LO
The following information applies to the questions displayed below.
Global Marine obtained a charter from the state in January that authorized shares of common stock, $ por
value. During the first year, the company earned $ of net income and declared no dividends; the following
selected transoctions occurred in the order given:
a Issued shares of the common stock at $ cash per share.
b Reacquired shares ot $ cash per share.
c Reissued shares from treasury for $ per share.
d Reissued shares from treasury for $ per share.
PAAlgo Part
Prepore the stockholders' equity section of the balance sheet of December Amounts to be deducted should be indicated by a
minus sign.
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