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 $350,000 of net income and declared no dividends; the following selected transactions occurred in the order given a. Issued 100,000 shares of the common stock at $50 cash per share. b. Reacquired 20,000 shares at $45 cash per share. c. Reissued 7,500 shares from treasury for $46 per share. d. Reissued 7,500 shares from treasury for $44 per share. 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.) View transaction list Journal entry worksheet Record the re-issuance of 7,500 shares of treasury stock previously purchased for a price of $45 per share and sold for $46 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Journal entry orksne 1 2 3 4 Record the re-issuance of 7,500 shares of treasury stock previously purchased for $45 per share and sold for $44 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit d