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The following information pertains to JAE Corp. at January 1, Year 1 Common stock, $10 par, 20,000 shares authorized, $20,000 15,000 82,000 2,000 shares issued
The following information pertains to JAE Corp. at January 1, Year 1 Common stock, $10 par, 20,000 shares authorized, $20,000 15,000 82,000 2,000 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings ces JAE Corp. completed the following transactions during Year 1 1. Issued 3,000 shares of $10 par common stock for $25 per share. 2. Repurchased 500 shares of its own common stock for $26 per share. 3. Resold 200 shares of treasury stock for $30 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 b. How many shares of common stock had been issued at the end of the period? Issued shares at the end of the period 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.) ces View transaction list Journal entry worksheet 2 3 Issued 3,000 shares of $10 par common stock for $25 per share. Note: Enter debits before credits Cash Common Stock Beg. Bal Beg. Bal End. Bal End. Bal PIC in Excess of Par, CS Treasury Stock ces Beg. Bal Beg. Bal End. Bal End. Bal PIC in Excess of Cost, TS Beg. Bal End. Bal
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