0 Required information The following information applies to the questions displayed below Worldwide Company obtained a charter from the state in January thet authorized 200,000 shares of common stock, $10 par value. During the first year, the company earned $37800, declared no dividends, and the following selected transactions occurred in the order given a. Issued 56,000 shares of the common stock at S13 cash per share b. Reacquired 1,600 shares at $16 cash per share from stockholders the shares are now held in treasury c Reissued 800 of the shares in transaction (Gi two months later at $19 cash per share Required 1. Indicating the account, amount, and direction of the effect on above transaction. (Enter any decreases to Assets, Liabilities and Stockholders' Equity with a minus sign) Required information The following information applies to the questions displayed below Worldwide Company obtained a charter from the state in January that authorized 200,000 shares of common stock, $10 par value. During the first year, the company earned $37,800, declared no dividends, and the following selected transactions occurred in the order given: a. Issued 56,000 shares of the common stock at $13 cash per share. b Reacquired 1,600 shares at $16 cash per share from stockholders; the shares are now held in treasury C Reissued 800 of the shares in transaction (b) two months later at $19 cash 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 issuance of 56,000 shares of common stock with a par value $10 for a price of $13 per share. Note: Enter debits before credits Debit Credit nsaction General Journal Record entry Clear entry View general journal Required information [The following information applies to the questions displayed below.) Worldwide Company obtained a charter from the state in January that authorized 200,000 shares of common stock, $10 par value. During the first year, the company earned $37,800, declared no dividends, and the following selected transactions occurred in the order given: a Issued 56,000 shares of the common stock at $13 cash per share. b. Reacquired 1,600 shares at $16 cash per share from stockholders; the shares are now held in treasury C. Reissued 800 of the shares in transaction (b) two months later at $19 cash per share 3. Prepare the stockholders' equity section of the balance sheet at December 31. TIP: Because this is the first year of operations Retained Earnings has a zero balance at the beginning of the year. (Amounts to be deducted should be indicated by a minus sign.) WORLDWIDE COMPANY Balance Sheet (Partial) At December 31 Stockholders Equity Contributed Capital Total Contributed Capital Total Total Stockholders Equity