1 answer

Required information The following information applies to the questions displayed below.) Part 1 of 3 Worldwide...

Question:

Required information The following information applies to the questions displayed below.) Part 1 of 3 Worldwide Company obtai

Required information The following information applies to the questions displayed below.) Part 1 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 $38.900, declared no dividends, and the following selected transactions occurred in the order given: 10 points 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. eBook Required: 1. Indicating the account, amount, and direction of the effect on above transaction. (Enter any decreases to Assets, Liabilities and Stockholders' Equity with a minus sign.) Print Assets Liabilities Stockholders' Equity References

Answers

Assets = liabilties + Stockholder's Equity
a. Cash 737000 common stock 670000
Addittional paid in capital 67000
b. Cash -37800 Treasury stock -37,800
c. Cash 22950 Treasury stock 18900
paid in excess from Treasury stock 4050
.

Similar Solved Questions

1 answer
During the first few days of the year, Jules Company entered into the following transactions: 1...
During the first few days of the year, Jules Company entered into the following transactions: 1 Purchased a parcel of land with a building on it for $900,000 cash. The building, which will be used in operations, has an estimated useful life of 20 years and a salvage value of $60,000. The assessed...
1 answer
38. Suppose a nation's inflation rate is 6.8% from Year 1 to Year 2. If the...
38. Suppose a nation's inflation rate is 6.8% from Year 1 to Year 2. If the CPI in Year 2 is 100, what was the CPI in Year 1? A) 93.6 B) 100 C) 52.3 D) 106.7...
1 answer
An extension cord made of two wires of diameter 0.129 cm (no. 16 copper wire) and...
An extension cord made of two wires of diameter 0.129 cm (no. 16 copper wire) and of length 2.3 m is connected to an electric heater which draws 16.5 A on a 120-V line. The resistivity of copper is 1.68×10−8Ω⋅m. Part A How much power is dissipated in the cord? Express your a...
1 answer
Which of the following solutions contains the highest [H3O+] ? A) A concentrated solution of a...
Which of the following solutions contains the highest [H3O+] ? A) A concentrated solution of a weak acid B) a dilute solution of strong acid C) a dilute solution of a weak acid D) we cannot tell from the information given...
1 answer
Many great novels and classic movies have primates as main characters: King Kong, Planet of the...
Many great novels and classic movies have primates as main characters: King Kong, Planet of the Apes, etc. Analyze how apes are depicted in popular culture and compare those depictions to what you actually know to be true about the behavior of apes....
1 answer
Please help ASAP!!!! Homework due at 11pm Activity-Based Supplier Costing Clearsound uses Alpha Electronics and La...
Please help ASAP!!!! Homework due at 11pm Activity-Based Supplier Costing Clearsound uses Alpha Electronics and La Paz Company to buy two electronic components used in the manufacture of its cell phones: Component 125X and Component 30Y. Consider two activities: testing components and reordering com...
1 answer
Explain now and why scientists make generalizations. Include all the following elements in a clearly organized...
Explain now and why scientists make generalizations. Include all the following elements in a clearly organized manner in your essay (but probably not in the order listed): Distinguish carefully among the various categories af generalizations that scientists typically use. How are these generalizatio...
1 answer
Legal Aspects of Business
Question: Legal Aspects of BusinessYou have recently been employed as an officer within the Legal Department of a medium-sized  construction company, East India Construction Ltd (EIC Ltd). The company undertakes a large  number of building projects in England and Wales. It recruits site pe...
1 answer
Lexington Corporation acquired all of the outstanding common stock of Chalfont, Inc., on January 1, 2016....
Lexington Corporation acquired all of the outstanding common stock of Chalfont, Inc., on January 1, 2016. Lexington gave shares of its no par common stock with a market value of $504 million in exchange for the Chalfont common stock. Chalfont will remain a legally separate entity after the exchange,...
1 answer
How much of the heat capacity of a conductor is due to the conduction electrons and...
How much of the heat capacity of a conductor is due to the conduction electrons and why was this a puzzle?...
1 answer
Explain, in your own words, the concepts of adjustments and closing entries. In your explanations, use...
Explain, in your own words, the concepts of adjustments and closing entries. In your explanations, use examples (with numbers) to demonstrate your understanding of the concepts. For this assignment, please include 1-3 sentences discussing the relationship between the two concepts....
1 answer
3. In the last decade, economic challenges have forced many parents to financially support their adult children. As an...
3. In the last decade, economic challenges have forced many parents to financially support their adult children. As an employee of the Bureau of Statistics for the U.S. Government, you have been tasked with determining if this percentage has decreased during the Trump administration. Before Presiden...
1 answer
Ine the thickness of the asphalt concrete surface layer of the pavement SN 4.5, if the...
ine the thickness of the asphalt concrete surface layer of the pavement SN 4.5, if the granular base layer is 5 in thick, al thickness is 6 in thick. Drainage coefficient m2 0.44, a2-0.14, a,-0.11, subbase 1, and m2-0.9...
1 answer
In a titration experiment, 12.7 mL of an aqueous HCl solution was titrated with 0.6 M...
In a titration experiment, 12.7 mL of an aqueous HCl solution was titrated with 0.6 M NaOH solution. The equivalence point in the titration was reached when 11.1 mL of the NaOH solution was added. What is the molarity of the HCl solution?...
1 answer
What actions can be taken by healthcare leaders to help bridge the gap between management research, policy research and...
What actions can be taken by healthcare leaders to help bridge the gap between management research, policy research and practice? As a healthcare leader how would you go about changing organizational culture to increase the use of evidence-based management (EBM) practices in an applied setting?...
2 answers
Rewrite the given equation in slope intercept form y = mx + b
Rewrite the given equation in slope intercept form y = mx + b. Use fractions for the slope and the y-intercept, as needed. 4/5x + 6/5y=4...