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The following information applies to the questions displayed below Worldwide Company obtained e charter from the stete in Jenuary that euthorized 200,000 shares of common
The following information applies to the questions displayed below Worldwide Company obtained e charter from the stete in Jenuary that euthorized 200,000 shares of common stock, $10 par value. During the first year, the company earned $38,300 and the following selected transactions occurred in the order given: a Issued 61,000 shares of the common stock at $11 cash per share. b. Reacqulred 2,100 shares at S14 cash per share from stockholders; the shares are now held in treasury. C Reissued 1,050 of the shares in transaction ( two months later at $17 cash per share. 7 Required information 10.00 points Required: 1. Indicating the account, amount, and direction of the effect on above transaction. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Stockholders' Equity a. b
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