CP11-1 Analyzing Accounting Equation Effects, Recording Journal Entries, and Preparing a Partial Balance Sheet Involving Stock Issuance, Purchase, and Reissuance Transactions [LO 11-2] [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 $38,500, declared no dividends, and the following selected transactions occurred in the order given: a. Issued 63,000 shares of the common stock at $12 cash per share. b. Reacquired 2,300 shares at $15 cash per share from stockholders; the shares are now held in treasury. C. Reissued 1,150 of the shares in transaction (b) two months later at $18 cash per share. quired: Indicating the account, amount, and direction of the effect on above transaction. (Enter any decreases to Assets, Liabilities and ockholders' Equity with a minus sign.) Assets = Liabilities Cash 756,000 Stockholders' Equi Common Stock [Additional Paid-In Capital, Common Sto Treasury Stock Treasury Stock [Additional Paid-In Capital, Treasury Stc b. C. Cash Cash Cash 20,700