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can you help me with the journal entry and balance sheet? Required information PA11-1 Analyzing Accounting Equation Effects, Recording Journal Entries, and Preparing a Partial
can you help me with the journal entry and balance sheet? Required information PA11-1 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 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 $320,000 of net income, declared no dividends, and the following selected transactions occurred in the order given: a. Issued 100,000 shares of the common stock at $47 cash per share. b. Reacquired 17,000 shares at $42 cash per share. c. Reissued 6,000 shares from treasury for $43 per share. d. Reissued 6,000 shares from treasury for $41 per share. X: Record the issuance of 100,000 shares of common stock with a $5 par value for a price of $47 per share. 2 Record the purchase of 17,000 shares of previously issued common stock for a price of $42 per share. es Record the re-issuance of 6,000 shares of treasury stock previously purchased for a price of $42 per share and sold for $43 per share. 4 Record the re-issuance of 6,000 shares of treasury stock previously purchased for $42 per share and sold for $41 per share. Note : journal entry has been entered GLOBAL MARINE Balance Sheet (Partial) At December 31 Stockholders' Equity Contributed Capital: Total Contributed Capital 0 Total 0 Total Stockholders' Equity $ $ 0
can you help me with the journal entry and balance sheet?
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