The following information pertains to JAE Corp. at January 1, Year 1: Common stock, $11 par, 10,000 shares authorized, 2,000 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $ 22,000 16,500 69,200 JAE Corp. completed the following transactions during Year 1: 1. Issued 1,150 shares of $11 par common stock for $28 per share. 2. Repurchased 160 shares of its own common stock for $25 per share. 3. Resold 50 shares of treasury stock for $26 per share. c. Prepare journal entries for these transactions and post them to T-accounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is complete and correct. No Transaction General Journal Credit Debit 32,200 Cash Common stock Paid-in capital in excess of par, CS 12,650 19,550 4,000 Treasury stock Cash 4,000 3 1,300 Cash Treasury stock Paid-in capital in excess of cost, TS 1,250 50 Answer is not complete. Cash Common Stock Beg. Beg. Bal Bal 3. End. Bal End. Bal PIC in Excess of Par, CS Treasury Stock Beg. Bal Beg. Bal 2. End. End. Bal 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.) X Answer is not complete. Stockholders' equity Common stock Paid-in capital in excess of par, CS Paid-in capital in excess of cost, TS Total paid-in capital Retained earnings Less: Treasury stock Total stockholders' equity $ 0