The following information pertains to JAE Corp. at January 1, 2016:

Common stock, $10 par, 20,000 shares authorized, 2,000 shares issued and outstanding	$20,000
Paid-in capital in excess of par, common stock	15,000
Retained earnings	82,000

JAE Corp. completed the following transactions during 2016:

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.

a.

b.

c.

Prepare journal entries for these transactions and post them to T-accounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit Cash 75,000 30,000 45,000 Common stock Paid-in capital in excess of par, CS 2 Treasury stock 13,000 Cash 13,000 Cash 6,000 5,200 800 Treasury stock Paid-in capital in excesS of cOSt, TS