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balance the journal entries on both sides of the accounting equation Required information Woridwide Company obtained a charter from the state in January that authorizod
balance the journal entries on both sides of the accounting equation
Required information Woridwide Company obtained a charter from the state in January that authorizod 200,000 shares of commen stock, $10 par value. During the first year, the company eamed $38,500 and declared no dividends; the following selocted transoctions occurred in the order given: a. lusued 59000 shares of the common stock at $13 cash per shore. b. Reecquired 1900 shares at $16 cash per share from stockholders; the shares are now hold in treasury. C. Reissued 950 of the sharet in trancaction (B) fwo montis laser of 5%9 cash per share ulied: ideate the account, amount, and dicoction of the effect on abowe transoction. (Enter amy decreases to Assets, Labilities and thholders' Equily with a minus signy) Step by Step Solution
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