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[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
[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 $38,700 and the following selected transactions occurred in the order given: a. Issued 65,000 shares of the common stock at $13 cash per share. b. Reacquired 2,500 shares at $16 cash per share from stockholders, the shares are now held in treasury. c. Reissued 1,250 of the shares in transaction (b) two months later at $19 cash per share. o 5023. value: 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' Eq b. C
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