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Exercise 11-13A Recording and reporting treasury stock transactions LO 11-5 The following information pertains to JAE Corp. at January 1, Year 1: Common stock, $8

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Exercise 11-13A Recording and reporting treasury stock transactions LO 11-5 The following information pertains to JAE Corp. at January 1, Year 1: Common stock, $8 par, 19,6ee shares authorized, 2,990 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $16, eee 14,100 65,100 JAE Corp. completed the following transactions during Year 1: 1. Issued 1,100 shares of $8 par common stock for $30 per share. 2. Repurchased 200 shares of its own common stock for $27 per share. 3. Resold 50 shares of treasury stock for $28 per share. Required . How many shares of common stock were outstanding at the end of the period? Outstanding shares at the end of the period b. How many shares of common stock had been issued at the end of the period? issued shares at the end of the period c. Prepare foumal entries for these transactions and post them to T-accounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction at Journal entry worksheet

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