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 $37,600, declared no dividends, and the following selected transactions occurred in the order given: a. Issued 54,000 shares of the common stock at $11 cash per share. b. Reacquired 1,400 shares at $14 cash per share from stockholders; the shares are now held in treasury. c. Reissued 700 of the shares in transaction (b) two months later at $17 cash per share. -11-1 Part 1 quired: dicating the account, amount, and direction of the effect on above transaction. (Enter any decreases to Assets, Liabilities and ckholders' Equity with a minus sign.) Assets Liabilities a. Cash 594,000 Stockholders' Equity Common Stock Additional Paid-In Capital, Common Stock