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Required information [The following information applies to the questions dispioyed beviow.) Whywile Corporation obtained its...

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Accounting

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Required information [The following information applies to the questions dispioyed beviow.) Whywile Corporation obtained its charter from the state in January that authorized 500.000 shares of common stock, $1 War value. During the first year, the company earned $62,000 and declared no dividends; the following selected parvalue. During the first year, the compans occurred in the order given: 3. Issued 240,000 shares of the common stock at $27 cash per share. 3. Issued 240,000 shares of the common stock at $27 cash per share. b. Reacquired 5,400 shares at $28 cash per share to use as stock incentives for senior management. Required: 1. Indicate the account, amount, and direction of the effect for the above transactions, (Enter any decreases to Assets, Liabilities and Stockholders' Equity with a minus sign.)

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