$(2)$

Required information

CP$11-1($Algo$)$ Analyzing Accounting Equation Effects, Recording Journal Entries, and Preparing a Partial Balance Sheet Involving Stock Issuance, Purchase, and Reissuance Transactions $[$LO $11-2]$

$[$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, $$10$ par value. During the first year, the company earned $$38,900$ and declared no dividends; the following selected transactions occurred in the order given:

a$.$ Issued $67,000$ shares of the common stock at $$11$ cash per share.

b$.$ Reacquired $2,700$ shares at $$14$ cash per share from stockholders; the shares are now held in treasury.

c$.$ Reissued $1,350$ of the shares in transaction $($b$)$ two months later at $$17$ cash per share.

CP$11-1($Algo$)$ Part $1$

Required:

Indicate the account, amount, and direction of the effect on above transaction. $($Enter any decreases to Assets, Liabilities and Stockholders' Equity with a minus sign.$)$

$\backslash$table$[[,$Assets,$=,$Liabilities,$+,$Stockholders' Equity$],[$a$.,$Cash,$=,,+,$Common Stock$],[$a$.,,=,,+,$Additional Paid$-$In Capital, Common Stock$],[$b$.,$Cash,$=,,+,$Treasury Stock$],[$c$.,$Cash,$=,\%,+,$Treasury Stock$],[$c$.,,=,,+,$Additional Paid$-$In Capital, Treasury$]]$