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 $37,900, declared no dividends, and the following selected transactions occurred in the order given:

1. Issued 57,000 shares of the common stock at $11 cash per share.
2. Reacquired 1,700 shares at $14 cash per share from stockholders; the shares are now held in treasury.
3. Reissued 850 of the shares in transaction (b) two months later at $17 cash per share.

Journal entry worksheet 2 Record the issuance of 57,000 shares of common stock with a par value $10 for a price of $11 per share. Note: Enter debits before credits. Debit Transaction General Journal Credit View general journal Record entry Clear entry Journal entry worksheet 2 Record the purchase of 1,700 shares of previously issued common stock for a price of $14 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Clear entry Record entry View general journal Journal entry worksheet Record the re-issuance of 850 shares of treasury stock previously purchased for a price of $14 per share and sold for $17 per share. Note: Enter debits before credits. Debit Transaction General Journal Credit Record entry Clear entry View general journal