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, $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 , JAE Corp. completed the following transactions during Year 1: 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. Casti Common Stock Beg. Bal Beg. Bal 13,000 End. Bal 13,000 End. Bal PIC in Excess of Par, CS Treasury Stock Beg. Bal Beg Bal End. Bal End Bal PIC in Excess of Cost, TS Beg Bal End. Bal d. Prepare the stockholders' equity section of the balance sheet reflecting these transactions. (Amounts to be deducted should be indicated with minus sign.) Stockholders' equity Total paid in capital $ 0 Total stockholders equity $