Exercise 8-13 Recording and reporting treasury stock transactions LO 8-5 The following information pertains to JAE Corp. at January 1, 2018: 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 82,000 JAE Corp. completed the following transactions during 2018 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. 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. Include the number of shares authorized, Issued, and outstanding In the description of the common stock. Complete this question by entering your answers in the tabs below Req A and B Req C Req 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 Exercise 8-13 Recording and reporting treasury stock transactions LO 8-5 The following Information pertains to JAE Corp. at January 1, 2018 Common stock, $1e par, 20,900 shares authorized, 2,eee shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $20,00e 15,90e 82,08e JAE Corp. completed the following transactions during 2018: 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 Requirec 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. Include the number of shares authorized, issued, and outstanding In the description of the common stock. Complete this question by entering your answers in the tabs below Req A and B Req C Req D Organize the transactions data in accounts under the accounting equation. (Enter any decreases to account balances with a minus sign.) JAE CORPORATION Accounting Equation for the Year 2018 Assets Stockholders' Equity Paid-in Capital Paid-in Capital Common Stock Treasury Stock Event =| Liabilities-Common TreasuryRetained Earnings Cash + In Excess In Excess - Stock Stock Beg. bal. 2. End. bal. JAE CORPORATION Balance Sheet (Partial) As of December 31 Stockholders Equity Total paid-in capital Total stockholders' equity
