Required information [The following information applies to the questions displayed below.) Worldwide Company obtained a...
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Required information [The following information applies to the questions displayed below.) 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 $38,700, declared no dividends, and the following selected transactions occurred in the order given: a. Issued 65,000 shares of the common stock at $13 cash per share. b. Reacquired 2,500 shares at $16 cash per share from stockholders; the shares are now held in treasury. c. Reissued 1,250 of the shares in transaction (b) two months later at $19 cash per share. quired: ndicating the account, amount, and direction of the effect on above transaction. (Enter any decreases to Assets, Liabilities and ockholders' Equity with a minus sign.) Assets Liabilities Stockholders' Equity
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