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ucation.com Chapter 11 - Assignment 1 1. Record The Issuance Of 64,000 Shares of Common ssignment 1 | Chegg.com Help Save & Exit Sub Check my world Required information CP11-1 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 $38,400, declared no dividends, and the following selected transactions occurred in the order given: a. Issued 62.000 shares of the common stock at $13 cash per share. b. Reacquired 2,200 shares at $16 cash per share from stockholders, the shares are now held in treasury. C. Reissued 1,100 of the shares in transaction (b) two months later at $19 cash per share. CP11-1 Part 3 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. WORLDWIDE COMPANY Balance Sheet (Partial) At Deromhar 21 er 11 - Assignment 1 A HUF 84,000 Shares of Common .com Help Save & Exit Subm Check my worla CP11-1 Part 3 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.) WORLDWIDE COMPANY Balance Sheet (Partial) At December 31 Stockholders' Equity ok Contributed Capital: int ences CITI Total Contributed Capital Total Total Stockholders' Equity of 6 ! Next >

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