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 $37,900, declared no dividends, and the following selected transactions occurred in the order given: a. Issued 57,000 shares of the common stock at $11 cash per share. b. Reacquired 1,700 shares at $14 cash per share from stockholders; the shares are now held in treasury c. Reissued 850 of the shares in transaction (b) two months later at $17 cash per share. Required: 1. Indicating the account, amount, and direction of the effect on above transaction. (Enter any decreases to Assets, Liabilities and Stockholders' Equity with a minus sign.) Assets Liabilities Stockholders' Equity View transaction list Journal entry worksheet 2 3 Record the issuance of 57,000 shares of common stock with a par value $10 for a price of $11 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 Record the purchase of 1,700 shares of previously issued common stock for a price of $14 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