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6 JAE Corp. completed the following transactions during Year 1: 14.32 points 1. Issued 800 shares of $9 par common stock for $28 per share.
6 JAE Corp. completed the following transactions during Year 1: 14.32 points 1. Issued 800 shares of $9 par common stock for $28 per share. 2. Repurchased 180 shares of its own common stock for $25 per share. 3. Resold 50 shares of treasury stock for $26 per share. eBook Required a. How many shares of common stock were outstanding at the end of the period? b. How many shares of common stock had been issued at the end of the period? c. Organize the transactions data in accounts under the accounting equation. d. Prepare the stockholders' equity section of the balance sheet reflecting these transactions. Hint Complete this question by entering your answers in the tabs below. Reg A and B ReqC Reg D Organize the transactions data in accounts under the accounting equation. (Enter any decreases to account balances with a minus sign.) JAE CORPORATION Accounting Equation for the Year 1 Stockholders' Equity Assets Event Cash Liabilities + Common Stock Paid-in Capital In Excess Common Stock Paid-in Capital In Excess Treasury Stock Treasury Stock Retained Earnings Beg. bal. 1. 2. + + + + + + + + + + 3. End. bal.
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