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please help [The following information applies to the questions displayed below] Worldwide Company obtained a charter from the state in January that authorized 200,000 shares
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[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 $39,100 and declared no dividends; the following selected transactions occurred in the order glven: a. Issued 69,000 shares of the common stock at $12 cash per share. b. Repurchased 2,900 shares at $15 cash per share from stockholders; the shares are now held in treasury. c. Reissued 1,450 of the shares in transaction (b) two months later at $18 cash per share. 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.) Journal entry worksheet Record the issuance of 69,000 shares of common stock with a par value $10 for a price of $12 per share. Note: Enter debits before credits. [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 $39,100 and declared no dividends; the following selected transactions occurred in the order given: a. Issued 69,000 shares of the common stock at $12 cash per share. b. Repurchased 2,900 shares at $15 cash per share from stockholders; the shares are now held in treasury. c. Reissued 1,450 of the shares in transaction (b) two months later at $18 cash per share. Prepare Journal entries to record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry iequired" in the first account field.) Journal entry worksheet Record the purchase of 2,900 shares of previously issued common stock for a price of $15 per share. Nate: Enter debits before credits: [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, par value. During the first year, the company earned $39,100 and declared no dividends; the following selected transactions occurred in the order given: a. Issued 69,000 shares of the common stock at $12 cash per share. b. Repurchased 2,900 shares at \$15 cash per share from stockholders; the shares are now held in treasury. c. Reissued 1,450 of the shares in transaction (b) two months later at $18 cash per share. repare journal entries to record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry equired" in the first account field.) Journal entry worksheet Record the re-issuance of 1,450 shares of treasury stock previously purchased for a price of $15 per share and sold for $18 per share. Noter Enter dehits before eredits. Required information [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 $39,100 and declared no dividends; the following selected transactions occurred in the order given: a. Issued 69,000 shares of the common stock at $12 cash per share. b. Repurchased 2,900 shares at $15 cash per share from stockholders; the shares are now held in treasury. c. Reissued 1,450 of the shares in transaction (b) two months later at $18 cash per share. 'repare the stockhoiders' equity section of the balance sheet at December 31. TIP: Because this is the first year of operations, Retained Earnings has a zero balance at the beginning of the year. (Amounts to be deducted should be indicated by a minus sigr Step by Step Solution
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