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Required information PA11-1 (Algo) Analyzing Accounting Equation Effects, Recording Journal Entries, and Preparing a Partial Balance Sheet Involving Stock Issuance and Purchase Transactions [LO 11-2] [The following information applies to the questions dispiayed 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 deciared 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. c. Reissued 14,500 shares from treasury for $60 per share. d. Reissued 14,500 shares from treasury for $58 per share. A11-1 (Algo) Part 2 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.) Record the issuance of 100,000 shares of common stock with a $5 par value for a price of $64 per share. Note: Enter debits before credits. Journal entry worksheet Record the purchase of 34,000 shares of previously issued common stock for a price of $59 per share. Note: Enter debits before credits. Record the re-issuance of 14,500 shares of treasury stock previously purchased for a price of $59 per share and sold for $60 per share. Note: Enter debits before credits. Record the re-issuance of 14,500 shares of treasury stock previously purchased for $59 per share and sold for $58 per share. Note: Enter debits before credits