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 $38,200, declared no dividends, and the following selected transactions occurred in the order given:

1. Issued 60,000 shares of the common stock at $12 cash per share.
2. Reacquired 2,000 shares at $15 cash per share from stockholders; the shares are now held in treasury.
3. Reissued 1,000 of the shares in transaction (b) two months later at $18 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.)