Required information The following information applies to the questions displayed below) Global Marine obtained a charter from the state in January that authorized 1000,000 shares of common stock, $5 par value. During the first year, the company earned $10,000 of net income and declared no dividends the following selected transactions occurred in the order given issued 110,000 shares of the common stock at $46 cash per share. Reacquired 16,000 shares at $41 cash per share. Reissued 5,500 shares from treasury for $42 per share. d. Reissued 5,500 shares from treasury for $40 per share Required: 1. Indicate the account amount and direction of the effect on above transaction (Enter any decreases to Assets, Liabilities and Stockholders' Equity with a minus sign) Annet Stockholders' Equity CHP Required information The fatowing 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, Spar value. During the first year, the company came $310.000 of net income and declared no dividends the following Selected transactions occurred in the order giver absued 110.000 shares of the common stock et 546 cash per share Reacquired 16,000 shares at $41 cash per share Reissued 5,500 shares from treasury for $42 per share. d Red 5.500 shares from trenury for $10 per share Required 1. indicate the account amount and direction of the effect on above transaction Enter any decreases to Assets, Liabilities and Stockholders' Equity with a minus sign Asses Las Wholder . 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 $310,000 of net income and declared no dividends, the following selected transactions occurred in the order given: aIssued 110,000 shares of the common stock at $46 cash per share, b. Reacquired 16,000 shares at $41 cash per share. c. Reissued 5,500 shares from treasury for $42 per share. d. Reissued 5,500 shares from treasury for $40 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 X r value Record the issuance of 110,000 shares of common stock with a $5 par value for a price of $46 per share. ? Record the purchase of 16,000 shares of previously Issued common stock for a price of $41 per share. Record the re-issuance of 5,500 shares of treasury stock previously purchased for a price of $41 per share and sold for $42 per share. Record the re-issuance of 5,500 shares of treasury stock previously purchased for $41 per share and sold for $40 per share. Credit Note: - Journal entry has been entered Record entry Clear entry View general Journal 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 $310,000 of net income and declared no dividends; the following selected transactions occurred in the order given: a. Issued 110,000 shares of the common stock at $46 cash per share. b. Reacquired 16,000 shares at $41 cash per share. c. Reissued 5,500 shares from treasury for $42 per share d. Reissued 5,500 shares from treasury for $40 per share. 3. Prepare the stockholders' equity section of the balance sheet at December 31. (Amounts to be deducted should be indicated by a minus sign.) GLOBAL MARINE Balance Sheet (Partian At December 31 Stockholders' Equity Contributed Capital Total Contributed Capital Total Total Stockholders' Equity