The following information applies to the questions displayed below. Worldwide Company obtained a charter from...
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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, S10 par value. During the first year, the company earned $37,900 and the following selected transactions occurred in the order given: a. Issued 57000 shares of the common stock at $11 cash per share. b. Reacquired 1,700 shares at $14 cash per share from stockholders; the shares are now held in treasury. c. Relssued 850 of the shares in transaction (b) two months later at S17 cash per share 1. 1 Required information 0.00 points 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' Equity b. C
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