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 $39,200 and declared no dividends the following selected transactions occurred in the order given a issued 70,000 shares of the common stock at $11 cash per share. b. Reacquired 3,000 shares at $14 cash per share from stockholders, the shares are now held in treasury c Reissued 1,500 of the shares in transaction (by two months later at $17 cash per share. equired: Indicate the account, amount and direction of the effect on above transaction (Enter any decreases to Assets, Liabilities and tockholders' Equity with a minus sign) Assets List Stockholders' Equity 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 $39,200 and declared no dividends; the following selected transactions occurred in the order given: a. Issued 70,000 shares of the common stock at $11 cash per share. b. Reacquired 3,000 shares at $14 cash per share from stockholders: the shares are now held in treasury. c. Reissued 1,500 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.) View transaction list View journal entry worksheet i. No Transaction Debit Credit 1 General Journal Cash Common Stock Additional Paid-In Capital, Common Stock 1 Record the issuance of 70,000 shares of common stock with a par value $10 for a price of $11 per share. 2 Record the purchase of 3,000 shares of previously issued common stock for a price of $14 per share. 3 Record the re-issuance of 1,500 shares of treasury stock previously purchased for a price of $14 per share and sold for $17 per share