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Thank you for your help!!! The following information pertains to JAE Corp. at January 1, Year 1: Common stock, $9 par, 11,000 shares authorized, 2,200
Thank you for your help!!!
The following information pertains to JAE Corp. at January 1, Year 1:
Common stock, $9 par, 11,000 shares authorized, 2,200 shares issued and outstanding $ 19,800 Paid-in capital in excess of par, common stock 16,100 Retained earnings 54,800
JAE Corp. completed the following transactions during Year 1:
- Issued 750 shares of $9 par common stock for $28 per share.
- Repurchased 190 shares of its own common stock for $25 per share.
- Resold 50 shares of treasury stock for $26 per share.
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.
I have attatched the charts below
Req A and B Reqc ReqD Prepare the stockholders' equity section of the balance sheet reflecting thes JAE CORPORATION Balance Sheets (Partial) As of December 31 Stockholders' Equity Total paid-in capital Total stockholders' equity Req A and B Reqc Reg D Organize the transactions data in accounts under the accounting equation. (Enter any decreases to account balanc Assets JAE CORPORATION Accounting Equation for the Year 1 Stockholders' Equity Paid in Pald-in Common Capital In Capital In Excess Excess Stock Common Treasury Stock Stock Event Liabilities Cash Treasury Stock Retained Earnings 11 Beg, bal 1. 2. 3. ++++ + + + + End, bal
Thank you for your help!!!
The following information pertains to JAE Corp. at January 1, Year 1:
Common stock, $9 par, 11,000 shares authorized, 2,200 shares issued and outstanding | $ | 19,800 | |
Paid-in capital in excess of par, common stock | 16,100 | ||
Retained earnings | 54,800 | ||
JAE Corp. completed the following transactions during Year 1:
- Issued 750 shares of $9 par common stock for $28 per share.
- Repurchased 190 shares of its own common stock for $25 per share.
- Resold 50 shares of treasury stock for $26 per share.
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.
I have attatched the charts below
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