9 Required information [The following information applies to the questions displayed below.] Part 3 of...
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9 Required information [The following information applies to the questions displayed below.] Part 3 of 3 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 $39,100, declared no dividends, and the following selected transactions occurred in the order given: o points a. Issued 69,000 shares of the common stock at $12 cash per share. b. Reacquired 2,900 shares at $15 cash per share from stockholders; the shares are now held in treasury. c. Reissued 1,450 of the shares in transaction (b) two months later at $18 cash per share. eBook 3. Prepare the stockholders' equity section of the balance sheet at December 31. TIP: Because this is the first year of operations, Retained Earnings has a zero balance at the beginning of the year. (Amounts to be deducted should be indicated by a minus sign.) Print WORLDWIDE COMPANY Balance Sheet (Partial) At December 31 Stockholders' Equity Contributed Capital: Total Contributed Capital Total Mc Total Contributed Capital Total Total Stockholders' Equity
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