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 and the following selected transactions occurred in the order given:

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

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- for a,b,c)

2. Prepare journal entries to record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

3.Prepare the stockholders equity section of the balance sheet at December 31. (Amounts to be deducted should be indicated by a minus sign.)