Worldwide Company obtained a charter from the state in January 2013, which autho
ID: 2379976 • Letter: W
Question
Worldwide Company obtained a charter from the state in January 2013, which authorized 200,000 shares of common stock, $10 par value. During the first year, the company earned $38,000 and the following selected transactions occurred in the order given:
Indicating the account, amount, and direction of the effect (+ for increase and ? for decrease) for the above transaction.
2. Prepare journal entries to record each transaction.
Prepare the stockholders
Worldwide Company obtained a charter from the state in January 2013, which authorized 200,000 shares of common stock, $10 par value. During the first year, the company earned $38,000 and the following selected transactions occurred in the order given:
Explanation / Answer
closing as there is no answer