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, $11 par, 15,000 shares authorized, 3,000 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $33,000 13,400 58,000 JAE Corp. completed the following transactions during Year 1: 1. Issued 900 shares of $11 par common stock for $31 per share. 2. Repurchased 210 shares of its own common stock for $28 per share. 3. Resold 50 shares of treasury stock for $29 per share. 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. Complete this question by entering your answers in the tabs below. Reg A and B Reg c Reg D How many shares of common stock were outstanding and 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 3,740 3,900 Req A and B Reqc Req D Organize the transactions data in accounts under the accounting equation. (Enter any decreases to account balances with a minus sign. Not all cells require input.) JAE CORPORATION Accounting Equation for the Year 1 Stockholders' Equity Assets Event Liabilities Cash Common Stock Paid-in Capital In Excess Common Stock Paid-in Capital In Excess Treasury Stock Treasury Stock Retained Earnings Beg. bal. = 33,000 13,400 + = + + 1. 2 3. = + + + + 0 + End. bal. 0E 33,000 13,400 + 0 Req A and B Reg C Req D Prepare the stockholders' equity section of the balance sheet reflecting these transactions. JAE CORPORATION Balance Sheet (Partial) As of December 31 Stockholders' Equity Dividends Common stock Paid-in capital in excess of par, common stock Total paid-in capital EA $ 0 Total stockholders' equity $ 0