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of 3 Required information PA11-1 (Algo) Analyzing Accounting Equation Effects, Recording Journal Entries, and Preparing a Partial Balance Sheet Involving Stock Issuance and Purchase Transactions
of 3 Required information PA11-1 (Algo) 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 $300,000 of net income and declared no dividends, the following selected transactions occurred in the order given pok int a. Issued 120,000 shares of the common stock at $45 cash per share. b. Reacquired 15,000 shares at $40 cash per share. c Reissued 5,000 shares from treasury for $41 per share d. Reissued 5,000 shares from treasury for $39 per share. Om . PAS (All Part 3 chcemy R 7 A U 1 2 G H H K 7 A B N N M Required information GLOBAL MARINE Falance Sheet Parti At December Stockholders' Equity Contributed Capital Total Contributed Capital Total Total Stockholders Equity
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