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The following information pertains to JAE Corp. at January 1, Year 1: Common stock, $10 par, 14,000 shares authorized, 2,800 shares issued and outstanding Paid-in
The following information pertains to JAE Corp. at January 1, Year 1: Common stock, $10 par, 14,000 shares authorized, 2,800 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $28,000 14,500 64,400 JAE Corp. completed the following transactions during Year 1: 1. Issued 750 shares of $10 par common stock for $31 per share. 2. Repurchased 160 shares of its own common stock for $28 per share. 3. Resold 50 shares of treasury stock for $29 per share. Required a. How many shares of common stock were outstanding at the end of the period? Outstanding shares at the end of the period 3,440 b. How many shares of common stock had been issued at the end of the period? WOIC VUITTO CHICO IVI UIESE UIsadors du post them to T-aCCOUNTS. It ournal entry required" in the first account field.) iew transaction list Journal entry worksheet Repurchased 160 shares of its own common stock for $28 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal ew transaction list Journal entry worksheet Resold 50 shares of treasury stock for $29 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Cash Common Stock Beg. Bal Beg. Bal End. Bal End. Bal PIC in Excess of Par, CS Treasury Stock Beg. Bal Beg. Bal End. Bal End. Bal PIC in Excess of Cost, TS Beg. Bal 1 End. Bal End. Bal d. Prepare the stockholders' equity section of the balance sheet reflecting these transactions. (Amou indicated with minus sign.) Stockholders' equity Total paid-in capital Total stockholders' equity
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