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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

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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 company earned $37400 and the following selected transactions occurred in the order given: a. Issued 52,000 shares of the common stock at $12 cash per share b. Reacquired 1,200 shares at $15 cash per share from stockholders; the shares are now held in treasury. c. Reissued 600 of the shares in transaction (b) two months later at $18 cash per share. References CP11-1 Analyzing Accounting Equation Effects Recording Journal Entries, and Preparing a Partial Balance Sheet Involving Stock Issuance, Purchase, and Reissuance Transactions [LO 11-2] Section Break value: 1.77 points CP11-1 Part 1 Required 1. 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' Equit

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