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 $37,200, declared no dividends, and the following selected transactions occurred in the order given: a. Issued 50,000 shares of the common stock at $13 cash per share. b. Reacquired 1,000 shares at $16 cash per share from stockholders; the shares are now held in treasury. C. Reissued 500 of the shares in transaction (6) two months later at $19 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 Journal entry worksheet 2 3 Record the issuance of 50,000 shares of common stock with a par value $10 for a price of $13 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet