Business, 03.12.2021 20:50 NNopeNNopeNNope

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 $39,000 and the following selected transactions occurred in the order given: a. Issued 68,000 shares of the common stock at $13 cash per share.
b.
Reacquired 2,800 shares at $16 cash per share from stockholders; the shares are now held in treasury.

c.
Reissued 1,400 of the shares in transaction (b) two months later at $19 cash per share.

1.
Indicating the account, amount, and direction of the effect on above transaction

2. Prepare journal entries to record each transaction

3.Prepare the stockholdersâ€™ equity section of the balance sheet at December 31.

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