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 $37,600 and declared no dividends; the following selected transactions occurred in the order given: a. Issued 54,000 shares of the common stock at $11 cash per share. b. Reacquired 1,400 shares at $14 cash per share from stockholders; the shares are now held in treasury. c. Reissued 700 of the shares in transaction (b) two months later at $17 cash per share. Required: 1. Indicate the account, amount, and direction of the effect on above transaction. (Enter any decreases to Assets, Liabilities and Stockholders' Equity with a minus sign.) 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 $37,600 and declared no dividends; the following selected transactions occurred in the order given: a. Issued 54,000 shares of the common stock at $11 cash per share. b. Reacquired 1,400 shares at $14 cash per share from stockholders; the shares are now held in treasury. c. Reissued 700 of the shares in transaction (b) two months later at $17 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.) Journal entry worksheet 3 Record the purchase of 1,400 shares of previously issued common stock for a price of $14 per share. Note: Enter debits before credits. Journal entry worksheet Record the re-issuance of 700 shares of treasury stock previously purchased for a price of $14 per share and sold for $17 per share. Note: Enter debits before credits