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Please complete the charts to the question below? The following information pertains to JAE Corp. at January 1, Year 2: AE Corp. completed the following
Please complete the charts to the question below?
The following information pertains to JAE Corp. at January 1, Year 2:
AE Corp. completed the following transactions during Year 2:
- Issued 1,150 shares of $10 par common stock for $26 per share.
- Repurchased 160 shares of its own common stock for $23 per share.
- Resold 50 shares of treasury stock for $24 per share.
Required
- How many shares of common stock were outstanding at the end of the period?
- How many shares of common stock had been issued at the end of the period?
- Organize the transactions data in accounts under the accounting equation.
- Prepare the stockholders equity section of the balance sheet reflecting these transactions.
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