Chapter 11 Homework 1 i 10 12 points The following information pertains to JAE Corporation at January 1, Year 1. Common stock, $10 par, 20,000 shares authorized, 2,000 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $20,000 15,000 82,000 JAE Corporation completed the following transactions during Year 1: eBook 1. Issued 3,000 shares of $10 par common stock for $25 per share. 2. Repurchased 500 shares of its own common stock for $26 per share. 3. Resold 200 shares of treasury stock for $30 per share. Hint 5 Print References 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? c1. Prepare journal entries for these transactions. c2. Post the journal entries to T-accounts. d. Prepare the stockholders' equity section of the balance sheet reflecting these transactions. Complete this question by entering your answers in the tabs below. Req A to B Req C1 Req C2 Req D 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? a. Outstanding shares at the end of the period b. Issued shares at the end of the period 4,700 5,000 < Req A to B Req C1 >