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Need help. Not sure what goes where ACCOUNTING 11 hw Questions 1-3 (of 1 The following information applies to the questions displayed below.) Global Marine

Need help. Not sure what goes where
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ACCOUNTING 11 hw Questions 1-3 (of 1 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 and selected transactions occurred in the order given: the following 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. Required: 1. Indicate the account, amount, and direction of the effect on above transaction. (Enter any decreases to account balances with a minus sign.) Assets Liabilities

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