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 $38,500, declared no dividends, and the following selected transactions occurred in the order given: a. Issued 63,000 shares of the common stock at $12 cash per share b. Reacquired 2,30O shares at $15 cash per share from stockholders, the shares are now held in treasury. c. Reissued 1,150 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 list Record the issuance of 63,000 shares of common stock with a par value $10 for a price of $12 per share 1 ue $10 Record the purchase of 2,300 shares of previously issued common stock for a price of $15 per share. 2 3 Record the re-issuance of 1,150 shares of treasury stock previously purchased for a price of $15 per share and sold for $18 per share. Credit Note:-journal entry has been entered Record entry Clear entry View general journal 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 $38,500, declared no dividends, and the following selected transactions occurred in the order given: a. Issued 63,000 shares of the common stock at $12 cash per share b. Reacquired 2,300 shares at $15 cash per share from stockholders; the shares are now held in treasury C. Reissued 1150 of the shares in transaction (b) two months later at $18 cash per share. 3. Prepare the stockholders' equity section of the balance sheet at December 31. TIP: Because this is the first year of operations, Retained Earnings has a zero balance at the beginning of the year. (Amounts to be deducted should be indicated by a minus sign.) WORLDWIDE COMPANY Balance Sheet (Partial) At December 31 Stockholders' Equity Contributed Capital: Total Contributed Capital Total Total Stockholders' Equity