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 $38,800 and the following selected transactions occurred in the order given 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