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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

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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 $38.000 and the following selected transactions occurred in the order given: a. Issued 58,000 shares of the common stock at $12 cash per share. b. Reacquired 1.800 shares at $15 cash per share from stockholders; the shares are now held in treasury. c. Reissued 900 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 at Journal entry worksheet Record the issuance of 58,000 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 Record entry Clear entry View general Journal Journal entry worksheet

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