Global Marine obtained a charter from the state in January that authorized 1 , 0 0 0
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Global Marine obtained a charter from the state in January that authorized shares of common stock, $ par value. During the first year, the company earned $ of net income and declared no dividends; the following selected transactions occurred in the order given:
a Issued shares of the common stock at $ cash per share.
b Reacquired shares at $ cash per share.
c Reissued shares from treasury for $ per share.
d Reissued shares from treasury for $ per share.
PAAlgo Part
Prepare journal entries to record each transaction. If no entry is required for a transactionevent select No Journal Entry Required" in the first account field.
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Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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