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

Common stock, $8 par, 9,000 shares authorized, 1,800 shares issued and outstanding	$	14,400
Paid-in capital in excess of par, common stock		13,300
Retained earnings		70,200

JAE Corp. completed the following transactions during 2018:

1. Issued 1,050 shares of $8 par common stock for $28 per share.
2. Repurchased 190 shares of its own common stock for $25 per share.
3. Resold 50 shares of treasury stock for $26 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.

Homework - Chapter 8 6 Saved Help Save & Exit Submit The following information pertains to JAE Corp. at January 1, 2018: Common stock, SB par, 9,000 shares authorized, 1,800 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earninga $14,400 13,300 70,200 20.83 points JAE Corp. completed the following transactions during 2018: eBook 1. Issued 1,050 shares of $8 par common stock for $28 per share 2. Repurchased 190 shares of its own common stock for $25 per share. 3. Resold 50 shares of treasury stock for $26 per share. Hint Print 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 A and B Req C Req D Mc KPrex 10 of 12 Next > Complete this question by entering your answers in the tabs below. Req A and B Req C 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 Complete this question by entering your answers in the tabs below Req A and BReq 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 Assets Stockholders' Equity Paid-in CapitalPaid-in Capital Common StockTreasury Stock = Liabilities + Common + In Excess Stock Event TreasuryRetained In ExcessStock on Stock Treasury Stock Stock Earnings Cash Beg. bal 2. End. bal. Req A and B Req D > Complete this question by entering your answers in the tabs below. Req A and B Req C 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 Req D