Check my w Required information {The following information polles to the questions displayed below) Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock 55 par value. During the first year, the company earned $400,000 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 $55 cash per share Roncquired 25,000 shores at $50 cash per share Roissod 10,000 shares from tomory for $51 per share Reissued 10,000 shares from treasury for $49 per share. Required: 1. Indicate the account amount and direction of the effect on above transaction (Enter any decreases to Assets, Liabilities and Stockholders Equity with a minus ign) ochodem Brey fo 3 Next > 2. 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, 55 par value. During the first year, the company earned $400,000 of net income, declared no dividends, and the following selected transactions occurred in the order given: Part 2 5 point a. Issued 100,000 shares of the common stock at $55 cash per shore b. Reacquired 25.000 shares at $50 cash per share. c. Reissued 10,000 shares from treasury for $51 per share d. Reissued 10,000 shares from treasury for $49 per share oblock A 2. Prepare journal entries to record cach transaction. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Print View transaction in neces Journal entry worksheet Graw