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The following information pertains to JAE Corp. at January 1, Year 1: Common stock, $9 par, 11,000 shares authorized, 2,200 shares issued and outstanding Paid-in

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The following information pertains to JAE Corp. at January 1, Year 1: Common stock, $9 par, 11,000 shares authorized, 2,200 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $19,800 14,900 74,200 JAE Corp. completed the following transactions during Year 1: 1. Issued 1,050 shares of $9 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? Outstanding shares at the end of the period b. How many shares of common stock had been issued at the end of the period? Issued shares at the end of the period Pur Juuru "No journal entry required" in the first account field.) View transaction list X: X :: 1 Issued 1,050 shares of $9 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. i Note : = journal entry has been entered Record entry Clear entry View Cash Common Stock Beg. Bal Beg. Bal End, Bal End. Bal PIC in Excess of Par, CS Treasury Stock Beg. Bal Beg. Bal End. Bal End. Bal PIC in Excess of Cost, TS Beg. Bal End. Bal d. Prepare the stockholders' equity section of the balance sheet reflecting these transactions. (Amounts to be deducted should be Indicated with minus sign.) Stockholders gulty $ 0 Total paid.in capital $ Total stockholders' equity

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