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.

Req 1:Indicating the account, amount, and direction of ;the effect on above transaction.

Req 2: Prepare journal entries to record each transaction.

Req 3: Prepare the stockholders equity section of the balance sheet at December 31.