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The following information pertains to JAE Corp. at January 1, Yeart: Connon stock, $10 par, 14,000 shares authorized, 2,800 shares issued and outstanding Paid-in capital
The following information pertains to JAE Corp. at January 1, Yeart: Connon stock, $10 par, 14,000 shares authorized, 2,800 shares issued and outstanding Paid-in capital in excess of par, connon stock Retained earnings $28,000 13,100 65,900 JAE Corp. completed the following transactions during Year 1: 1. Issued 1,000 shares of $10 par common stock for $25 per share, 2. Repurchased 170 shares of its own common stock for $22 per share. 3. Resold 50 shares of treasury stock for $23 per share. Complete this question by entering your answers in the tabs below. Req A and B Reqc Req 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 JAE CORPORATION Accounting Equation for the Year 1 Stockholders' Equity Assets Event Liabilities + Cash Common Stock Paid-in Capital In Excess Common Stock Paid-in Capital In Excess Treasury Stock Treasury Stock Retained Earnings Beg, bal 1. . + 2. . + 3 End, bal Reg A and B Reqc Reg D Prepare the stockholders' equity section of the balance sheet reflecting these transactions. JAE CORPORATION Balance Sheet (Partial) As of December 31 Stockholders' Equity Total pald.in capital Total stockholders' equity
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