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8 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 $37,700, declared no dividends and the following selected transactions occurred in the order given: Com Part 2 of 10 points a. Issued 55,000 shares of the common stock at $12 cash per share. b. Reacquired 1,500 shares at $15 cash per share from stockholders; the shares are now held in treasury c. Reissued 750 of the shares in transaction (b) two months later at $18 cash per share. eBook e 2. Prepare journal entries to record each transaction. of no entry is required for a transaction/event, select "No Print Journal Entry Required" in the first account field.) View transaction list Reference Journal entry worksheet Record the issuance of 55,000 shares of common stock with a par value $10 for a price of $12 per share. Note: Enter debits before credits. Debit 1 Transaction-General Journal View general journal Record entry Clear entry