Exercise 8-13A (Static) Recording and reporting treasury stock transactions LO 8-5 The following information pertains to JAE Corp. at January 1, Year 2: 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 Year 2: 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. 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. 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 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 2 Assets Stockholders' Equity Event Liabilities +Common Paid-in Capital Paid-in Capital Treasury Retained Cash Stock In Excess Common Stock In Excess Stock Earnings Treasury Stock Beg. bal. 1. 2. 3. End. bal. 0 0 + + + 0+ 0 0+ 0 Complete this question by entering your answers in the tabs below. Req A and B Req C Req D Prepare the stockholders' equity section of the balance sheet reflecting these transactions. Stockholders' Equity JAE CORPORATION Balance Sheet (Partial) As of December 31, Year 2 Total paid-in capital $ Total stockholders' equity $ 69 < Req C Req D >