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Check my work Required information [The following information applies to the questions displayed below.] Part 2 of 3 Worldwide Company obtained a charter from the
Check my work Required information [The following information applies to the questions displayed below.] Part 2 of 3 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 $38,800, declared no dividends, and the following selected transactions occurred in the order given: 2 points Skipped a. Issued 66,000 shares of the common stock at $12 cash per share. b. Reacquired 2,600 shares at $15 cash per share from stockholders; the shares are now held in treasury. C. Reissued 1,300 of the shares in transaction (b) two months later at $18 cash per share. eBook References 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.) 2. Prepare journal entries to record each transaction. (If no entry is required for a transaction/event, select " Required" in the first account field.) View transaction list Part 2 of 3 Journal entry worksheet points 1 2 3 Skipped Record the issuance of 66,000 shares of common stock with a par value $10 for a price of $12 per share. eBook References Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 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 Part 2 of 3 Journal entry worksheet points Skipped Record the purchase of 2,600 shares of previously issued common stock for a price of $15 per share. eBook References Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 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 Part 2 of 3 2 points Journal entry worksheet
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