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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
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 1,150 of the shares in transaction (b) two months later at $18 cash per share. :quired: Indicating the account, amount, and direction of the effect on above transaction. (Enter any decreases to Assets, Liabilities and ockholders' Equity with a minus sign.) Assets Liabilities Stockh a. b. C
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