The following information pertains to JAE Corp. at January 1, Year 2: Common stock, $8 par, 9,000 shares authorized, 1,800 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $14,400 16,900 64,000 JAE Corp. completed the following transactions during Year 2: 1. Issued 1,200 shares of $8 par common stock for $30 per share. 2. Repurchased 160 shares of its own common stock for $27 per share. 3. Resold 50 shares of treasury stock for $28 per share. 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. Complete this question by entering your answers in the tabs below. Req A and B ReqC ReqD 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 Reg A and B Reqc The following information pertains to JAE Corp. at January 1, Year 2: Common stock, $8 par, 9,800 shares authorized, 1,800 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $14,400 16,900 64,000 JAE Corp.completed the following transactions during Year 2: 1. Issued 1,200 shares of $8 par common stock for $30 per share. 2. Repurchased 160 shares of its own common stock for $27 per share. 3. Resold 50 shares of treasury stock for $28 per share. 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. Complete this question by entering your answers in the tabs below. Req A and B Reqc Reg 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 2 Assets Event Liabilities Stockholders' Equity Paid in Paid-in Capital In Capital In Excess Excess Common Treasury Stock Stock Common Stock Cash Treasury Stock Retained Earnings Beg. bal. 1. 2. 1111111 + + + + + 3. +++ End. bal. The following information pertains to JAE Corp. at January 1, Year 2: Common stock, $8 par, 9,800 shares authorized, 1,800 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $14,400 16,900 64,000 JAE Corp.completed the following transactions during Year 2: 1. Issued 1,200 shares of $8 par common stock for $30 per share. 2. Repurchased 160 shares of its own common stock for $27 per share. 3. Resold 50 shares of treasury stock for $28 per share. 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. Complete this question by entering your answers in the tabs below. Req A and B Reqc ReqD Prepare the stockholders' equity section of the balance sheet reflecting these transactions. JAE CORPORATION Balance Sheet (Partial) As of December 31, Year 2 Stockholders' Equity Total paid-in capital Total stockholders' equity ( ReqC Reg D
