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The following information pertains to JAE Corp. at January 1, Year 1: Common stock, $10 par, 20,000 shares authorised, 2,000 shares issued and outstanding Paid-in
The following information pertains to JAE Corp. at January 1, Year 1: Common stock, $10 par, 20,000 shares authorised, 2,000 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $20,000 15,000 82,000 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 6. 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. rences Complete this question by entering your answers in the tabs below. RogA and Reg RegD How many shares of common stock were outstanding and issued at the end of the period? ding was at the end of the parlod has the end of the period Complete this question by entering your answers in the tabs below. Reg A and B Reg Reg D Organize the transactions data in accounts under the accounting equation. (Enter any decreases to account balances with a minus sign.) JAE CORPORATION country Equation for the Year stockholders' Equity . Cash Liabilities Common Stock Hala in Capital InEx Common took Paldin Capital in cess Treasury Stool Stock Retired Earnings Beobal 1 2 End, bal Prepare the stockholders' equity section of the balance sheet reflecting these transactions.. JAE CORPORATION Balance Sheet (Partial) As of December 31 Stockholders' Equity ences Total pald-in capital Total stockholders' equity
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