Employee myama a Homework 1 M work on second floor doster nome BNI Meaur Interne

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Employee myama a Homework 1 M work on second floor doster nome BNI Meaur Internet Ra Questions 7-9 fof 9) Save& The following information applies to the questions displayed below Worldwide Company obtained a charter from the state in January theat authorized 200,000 shares common stock, $10 par value During the first yes,the company earned $37,400 and the folowing selected transactions occurred in the order gven a. Issued 52,000 shares of the common stock at $12 cash per share b. Reacquired 1,200 shares $15 cash per share from stockholders, the shares ane now held in treasury Reissued 600 ofthe shares in transaction Czq two months later at $cash per share Required informaton 7· 10.00 points Required indkatrg the accort amort,and direction of the enect on above transacton(Enter ary decreases to acceunt balances with a minus sign)

Explanation / Answer

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Assets = Liabilities + Stockholders' Equity a. Cash 624000 Common stock 520000 Paid-in capital in excess of par-common stock 104000 b. Cash -18000 Treasury stock -18000 c. Cash 10800 Treasury stock 9000 Paid-in capital from treasury stock transactions 1800

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