2 Part 2 of 3 1.66 points Prim Referances Required Information [The following information applies to...

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2 Part 2 of 3 1.66 points Prim Referances Required Information [The following information applies to the questions displayed below) Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5 par value. During the first year, the company earned $490,000 of net income and declared no dividends; the following selected transactions occurred in the order given: a. Issued 100,000 shares of the common stock at $64 cash per share. b. Reacquired 34,000 shares at $59 cash per share. Reissued 14,500 shares from treasury for $60 per share. d. Reissued 14,500 shares from treasury for $58 per share. Mc Graw 2. Prepare journal entries to record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transactions View journal entry worksheet No Transaction General Journal 7 1 Cash Common Stock Adinnal Paidin Canal Common Stock Dubit Credit Pray 2 Next> Check my 2 Part 2 of 3 1.66 points Prim Referances Required Information [The following information applies to the questions displayed below) Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5 par value. During the first year, the company earned $490,000 of net income and declared no dividends; the following selected transactions occurred in the order given: a. Issued 100,000 shares of the common stock at $64 cash per share. b. Reacquired 34,000 shares at $59 cash per share. Reissued 14,500 shares from treasury for $60 per share. d. Reissued 14,500 shares from treasury for $58 per share. Mc Graw 2. Prepare journal entries to record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transactions View journal entry worksheet No Transaction General Journal 7 1 Cash Common Stock Adinnal Paidin Canal Common Stock Dubit Credit Pray 2 Next> Check my