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Common stock, $11 par, 13,000 shares authorized, 2,600 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $28,600 13,800
Common stock, $11 par, 13,000 shares authorized, 2,600 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $28,600 13,800 54,900 AE Corp. completed the following transactions during Year 2: . Issued 1,150 shares of $11 par common stock for $30 per share. .Repurchased 200 shares of its own common stock for $27 per share. .Resold 50 shares of treasury stock for $28 per share. equired . How many shares of common stock were outstanding at the end of the period? . How many shares of common stock had been issued at the end of the period? . Organize the transactions data in accounts under the accounting equation. Prepare the stockholders' equity section of the balance sheet reflecting these transactions. Complete this question by entering your answers in the tabs below. Organize the transactions data in accounts under the accounting equation. (Enter any decreases to account balances with a minus sign.) Req A and B Req C Req D JAE CORPORATION Accounting Equation for the Year 2 Assets Stockholders' Equity Event Liabilities Common Cash 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. 0 = ++ 0+ + 0 + + ++ 0
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