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 $$37,800$ and declared no dividends; the following selected

transactions occurred in the order given:

a$.$ Issued $56,000$ shares of the common stock at $$13$ cash per share.

b$.$ Reacquired $1,600$ shares at $$16$ cash per share from stockholders; the shares are now held in treasury.

c$.$ Reissued $800$ of the shares in transaction $($b$)$ two months later at $$19$ 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.$)$