Required information CP11-1 (Algo) 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 $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. Reacquired 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. 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 Journal entry worksheet 2 3 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. Transaction General Journal Debit Credit Cash 828,000 Common Stock 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 Journal entry worksheet 2 Record the purchase of 2,900 shares of previously issued common stock for a price of $15 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal > View transaction list Journal entry worksheet < 2 3 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. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal