Exercise 11-13A (Algo) Recording and reporting treasury stock transactions LO 11-5 The following information pertains to JAE Corp. at January 1, Year 1: Common stock, 59 par. 10,000 shares authorized, 2,000 shares issued and outstanding Paid in capital in excess of par, common stock Metained earnings $18,000 14,000 60,200 JAE Corp. completed the following transactions during Year 1 1. Issued 750 shares of $9 par common stock for $30 per share. 2. Repurchased 160 shares of its own common stock for $27 per share 3. Resold 50 shares of treasury stock for $28 per share. Required o. 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 How many shares of common stock were outstanding and issued at the end of the period? Outstanding shares at the end of the period Issued shares at the end of the period Exercise 11-13A (Algo) Recording and reporting treasury stock transactions LO 11-5 The following information pertains to JAE Corp. at January 1 Year 1 Common stock, 3 pr, 10,000 shares authorized 2,0 shares issued and outstanding Paid in capital in excess of par, common stock Betained earnings $18,000 14.000 60,700 JAE Corp.completed the following transactions during Yeart 1. Inued 750 shares of 59 par common stock for $30 per share. 2. Repurchased 160 shares of its own common stock for $27 per share 3. Resold 50 shares o treasury stock for $28 per share Required 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? Organize the transactions data in accounts under the accounting equation d. Prepare the stockholders equity vection of the balance sheet reflecting these transactions Complete this question by entering your answers in the tabs below. Read Regc Red D Organge the transactions data in accounts under the accounting equation (Enter any decreases to account balances with a minus sign. Not all cells require JAE CORPORATION Accounting Equation for the Year Stockholders' Equity Assets Labs - Common Cash Paidan Capital In Excess Common Stock Stock Paldin Capital In Excess Treasury Stock Treasury Stock Retained Earnings Beobal 1 2 3 Endbal Exercise 11-13A (Algo) Recording and reporting treasury stock transactions LO 11-5 The following information pertains to JAE Corp. at January 1 Year 1: Common stock, 59 par. 10,000 shares authorized 2,000 shares issued and outstanding Paid in capital in excess of par, common stock Retained earnings $18,000 14.000 50,200 JAE Corp. completed the following transactions during Year 1: 1. Issued 750 shares of S9 par common stock for $30 per share. 2. Repurchased 160 shares of its own common stock for $27 per share. 3. Resold 50 shares of treasury stock for $28 per share. Required o. 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 Req ReqD Prepare the stockholders' equity section of the balance sheet reflecting these transactions. JAE CORPORATION Balance Sheet(Partial) As of December 31 Stockholders' Equity Total paid in capital Total stockholdersequilty
