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Worldwide Company obtained a charter from the state in January that authorized shares of common stock, $ par value. During the first year, the company earned $ and declared no dividends; the following selected transactions occurred in the order given:
Issued shares of the common stock at $ cash per share.
Repurchased shares at $ cash per share from stockholders; the shares are now held in treasury.
Reissued of the shares in transaction b two months later at $ cash per share.
Prepare journal entries to record each transaction. If no entry is required for a transactionevent select No Journal Entry Required" in the first account field.
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