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CAN YOU HELP ME FIX THIS PROBLEM JAE Corp. completed the following transactions during Year 1: 1. Issued 900 shares of $10 par common stock
CAN YOU HELP ME FIX THIS PROBLEM
JAE Corp. completed the following transactions during Year 1: 1. Issued 900 shares of $10 par common stock for $27 per share. 2. Repurchased 170 shares of its own common stock for $24 per share. 3. Resold 50 shares of treasury stock for $25 per share. ded Required 6. 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 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) Assets Event Liabilities JAE CORPORATION Accounting Equation for the Year 1 Stockholders' Equity Paid in Paid in capital in Capital In Common Excess Excess Stock Common Treasury Stock Stock 28.000 13,200 9.000 15.300 Treasury Cash Stock Retained Earnings Beg bal 50.600 = 2. 3. End, bal 24 300- (4,080) 1.250 21 470 50 50 - - (4.080) 1.200 (2 880) + . - 0 + 37,000 + 1 28 500 +
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