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0 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 $39,000, declared no dividends. and the following selected transactions occurred in the order given; a. Issued 68,000 shares of the common stock at $13 cash per share. b. Reacquired 2,800 shares at $16 cash per share from stockholders: the shares are now held in treasury. c. Relssued 1,400 of the shares in transaction (b) 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.) Assets Liabilities a b 1 2 3 3 Record the issuance of 68,000 shares of common stock with a par value $10 for a price of $13 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general Journal Record the purchase of 2,800 shares of previously issued common stock for a price of $16 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit b Record the re-issuance of 1,400 shares of treasury stock previously purchased for a price of $16 per share and sold for $19 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 3. Prepare the stockholders' equity section of the balance sheet at December 31. TIP: Be operations, Retained Earnings has a zero balance at the beginning of the year. (Amounts indicated by a minus sign.) WORLDWIDE COMPANY Balance Sheet (Partial) At December 31 Stockholders' Equity Contributed Capital: Total Contributed Capital 0 Total Total Stockholders' Equity $ 0