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Part 2 of 3 Required information [The following information applies to the questions displayed below.) Global Marine obtained a charter from the state in January

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Part 2 of 3 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, $5 par value. During the first year, the company earned $430,000 of net income, declared no dividends, and the following selected transactions occurred in the order given: 8.33 points 2. Issued 100,000 shares of the common stock at $58 cash per share. b. Reacquired 28,000 shares at $53 cash per share. c. Reissued 11,500 shares from treasury for $54 per share. d. Reissued 11,500 shares from treasury for $52 per share. Bock Priet 2. Prepare journal entries to record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) References View transaction list 8.33 points Journal entry worksheet > 4 Record the re-issuance of 11,500 shares of treasury stock previously purchased for a price of $53 per share and sold for $54 per share. Print Note: Enter debits before credits Rrences Transaction General Journal Debit Credit Clear entry View general Journal View transaction ist 8.33 points Journal entry worksheet Record the re-issuance of 11,500 shares of treasury stock previously purchased for $53 per share and sold for $52 per share. Print Note: Erdebit before credits General Journal Debit Credit Transaction d Record Clear entry View general Journal

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