Required information

$[$The following information applies to the questions displayed below.$]$

Whyville Corporation obtained its charter from the state in January that authorized $500,000$ shares of common stock, $$1$ par value. During the first year, the company earned $$53,000$ and declared no dividends; the following selected transactions occurred in the order given:

$01$:$09$:$26$

a$.$ Issued $150,000$ shares of the common stock at $$18$ cash per share.

b$.$ Reacquired $4,500$ shares at $$19$ cash per share to use as stock incentives for senior management.

Required:

Indicate the account, amount, and direction of the effect for the above transactions. $($Enter any decreases to Assets, Liabilities and Stockholders' Equity with a minus sign.$)$