Worldwide Company obtained a charter from the state in January 2013, which authorized 200,000 shares of common stock, $10 par value. During the first year, the company earned $38,000 and the following selected transactions occurred in the order given:

a.	Issued 58,000 shares of the common stock at $12 cash per share.
b.	Reacquired 1,800 shares at $15 cash per share from stockholders.
c.	Reissued 900 of the shares of the treasury stock purchased in transaction (b) two months later at $18 cash per share. indicating the account, amount, and direction of the effect (+ for increase and ? for decrease) for the above transaction

Prepare journal entries to record each transaction.

Prepare the stockholders equity section of the balance sheet at December 31, 2013. TIP: Because this is the first year of operations, Retained Earnings has a zero balance at the beginning of the year.