2 Part 2 of 3 eBook Mc Graw Hill 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 per value. During the first year, the company earned $340.000 of net income and declared no dividends; the following selected transactions occurred in the order given a issued 110,000 shares of the common stock at $49 cash per share b. Reacquired 19,000 shares at $44 cash per share. c. Reissued 7,000 shares from treasury for $45 per share. d. Reissued 7,000 shares from treasury for $43 per share. 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 Journal entry worksheet 3 4 Record the issuance of 110,000 shares of common stock with a $5 par value for a price of $49 per share. Note: Enter debits before credits > Check my work