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 $440,000 of net income, declared no dividends, and the following selected transactions occurred in the order given: Issued 110.000 shares of the common stock at $59 cash per share. b Reacquired 29,000 shares at $54 cash per share. C. Reissued 12,000 shares from treasury for $55 per share. d Reissued 12,000 shares from treasury for $53 per share Journal entry worksheet 4 Record the issuance of 110,000 shares of common stock with a $5 par value for a price of $59 per share. Note: Enter debits before credits. General Journal Debit Credit Transaction View general journal Clear entry Record entry 2 3 4 Record the purchase of 29,000 shares of previously issued common stock for a price of $54 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 2 3 4 Record the re-issuance of 12,000 shares of treasury stock previously purchased for a price of $54 per share and sold for $55 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the re-issuance of 12,000 shares of treasury stock previously purchased for $54 per share and sold for $53 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal K Prev 2 3of 5i