The following information pertains to JAE Corp. at January 1, Year 1: Common stock, $11 par, 9,000 shares authorized, 1,800 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $19,800 13,400 55,100 06 JAE Corp. completed the following transactions during Year 1: 1. Issued 800 shares of $11 par common stock for $28 per share. 2. Repurchased 250 shares of its own common stock for $25 per share. 3. Resold 50 shares of treasury stock for $26 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. ces Complete this question by entering your answers in the tabs below. Req A and B Reg C Reg D Organize the transactions data in accounts under the accounting equation. (Enter any decreases to account balances input.) JAE CORPORATION Accounting Equation for the Year 1 Stockholders' Equity Assets 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 nput.) JAE CORPORATION Accounting Equation for the Year 1 Stockholders' Equity Assets Event Cash - Liabilities + Common Stock Pald-in Capital In Excess Common Stock + Pald-in Capital In Excess Treasury Stock Treasury Stock + Retained Earnings 11 + Beg bal. 1. 2. 3 LILI + HH End, bal ++ JAE Corp. completed the following transactions during Year 1: 1. Issued 800 shares of $11 par common stock for $28 per share. 2. Repurchased 250 shares of its own common stock for $25 per share. 3. Resold 50 shares of treasury stock for $26 per share. 245 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 transac Complete this question by entering your answers in the tabs below. Reg A and B Reqc Reg D How many shares of common stock were outstanding and issued at the end of the period? ces a. Outstanding shares at the end of the period b. Issued shares at the end of the period Complete this question by entering your answers in the tabs below. Req A and B Reqc Reg D :31 Prepare the stockholders' equity section of the balance sheet reflecting these transactions. JAE CORPORATION Balance Sheet (Partial) As of December 31 Stockholders' Equity Total paid-in capital ces Total stockholders' equity
