Chapter 11 Assignment1 Hele Save & Exit su Check my w 3 Part 2 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 1000,000 shares of common stock, 55 por value. During the first year, the company earned $500,000 of net income, declared to dividends, and the following selected transactions occurred in the order given points a. Issued 110.000 shares of the common stock at $65 cash per share. b. Reacquired 35,000 shares at $60 cash per share Reissued 15,000 shares from treasury for $61 per share d Reissued 15,000 shares from treasury for $59 per share oferences PA11-1 Part 2 2. Prepare journal entries to record each transaction of no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transactions Journal entry worksheet 1 2 3 4 Record the issuance of 110,000 shares of common stock with a $5 par value 1 View transaction DOG Journal entry worksheet 3 book Record the issuance of 110,000 shares of common stock with a $5 par valve for a price of $65 per share P Noenter det beds References Transaction Generalne Det Credit Record entry Clear entry View general Journal 00 4 Required information Required in the first account field.) Part 10 View transactionist 3 Journal entry worksheet Record the purchase of 35,000 shares of previously saved common stock for price of $60 per share. Note: there Traction Hafence Canet lournal Crea May Record entry Clear entry Vi general Required in the first account field.) Part 1 of 2 View transaction list B points Journal entry worksheet 2 Record the re-issuance of 15.000 shares of treasury stock previously purchased for a price of $60 per share and sold for $61 per share. > Note Enter debits before credits Rources Transaction Banart Journal Dal Ci Record entry Clear entry View general puma 3 Hequired information Required" in the first account field.) Parto View transactions 8 Journal entry worksheet Record the re-sance of 15,000 shares of treasury stock previously purchased for $60 per share and sold for $99 per share Print Hoe D General Journal Deb Ma Trans d Secondary Cleary Viewer