The following information pertains to JAE Corp. at January 1, 2018:

Common stock, $8 par, 10,000 shares authorized, 2,000 shares issued and outstanding	$	16,000
Paid-in capital in excess of par, common stock		13,200
Retained earnings		60,800

JAE Corp. completed the following transactions during 2018:

1. Issued 850 shares of $8 par common stock for $27 per share.
2. Repurchased 250 shares of its own common stock for $24 per share.
3. Resold 50 shares of treasury stock for $25 per share.

Required:

1. How many shares of common stock were outstanding at the end of the period?
2. How many shares of common stock had been issued at the end of the period?
3. Organize the transactions data in accounts under the accounting equation.
4. 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.

The following information pertains to JAE Corp. at January 1, 2018: $16,000 13,200 60,800 Common stock, $8 par, 10,000 shares authorized, 2,000 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings JAE Corp. completed the following transactions during 2018: 1. Issued 850 shares of $8 par common stock for $27 per share. 2. Repurchased 250 shares of its own common stock for $24 per share. 3. Resold 50 shares of treasury stock for $25 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 C Req A and B 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 Req A and B Req C 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 Stockholders' Equity Assets Paid-in Capital In Excess Common Stock Paid-in Capital In Excess Liabilities Common Event Retained Treasury Stock Cash Stock Earnings Treasury Stock Beg bal 1 2 3 End. bal. Req D Req A and B Req C Req A and B Req D Prepare the stockholders' equity section of the balance sheet reflecting these transactions. JAE CORPORATION Balance Sheets (Partial) As of December 31 Stockholders' Equity Total paid-in capital Total stockholders' equity Req D Req C