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! Required information PA11-1(Algo) Analyzing Accounting Equation Effects, Recording Journal Entries, and Preparing...

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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 $420,000 of net income and declared no dividends; the following selected transactions occurred in the order given:
a. Issued 120,000 shares of the common stock at $57 cash per share.
b. Reacquired 27,000 shares at $52 cash per share.
c. Reissued 11,000 shares from treasury for $53 per share.
d. Reissued 11,000 shares from treasury for $51 per share.
PA11-1(Algo) Part 1
Required:
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.)
\table[[,Assets,=,x,+,Stockholders' Equity],[a.,7,=,,+,],[a.,7,=,,+,],[b.,7,=,,+,],[c.,>,=,,+,],[c.,5,=,,+,],[d.,7,=,,+,],[d.,,=,,+,]]
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