The following information pertains to JAE Corp. at January 1, Year 1: Connon stock, $11 par, 14,088 shares authorized, 2,800 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $30,800 15,100 73,200 JAE Corp.completed the following transactions during Year 1: 1. Issued 1,100 shares of $11 par common stock for $25 per share, 2. Repurchased 220 shares of its own common stock for $22 per share. 3. Resold 50 shares of treasury stock for $23 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 es Complete this question by entering your answers in the tabs below. Reg A and B Reg C Reg D How many shares of common stock were outstanding and issued at the end of the period? Outstanding shares at the end of the period b. Issued shares at the end of the period 3,900 Regc > 1. issued 1,100 snares of $11 par common STOCK TO $25 per snare. 2. Repurchased 220 shares of its own common stock for $22 per share. 3. Resold 50 shares of treasury stock for $23 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. Reg A and B Reg C Reg D Organize the transactions data in accounts under the accounting equation (Enter any decreases to account balances with a minus sign. Not all coll input.) JAE CORPORATION Accounting Equation for the Year 1 Stockholders' Equity Assets Event Liabilities Common Stock Cash Pald in Capital In Excess Common Stock Pald-in Capital In Excess Treasury Stock Retained Earnings Treasury Stock Beg bal 1 2 3 0 End, bal 00+ 0 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 Prepare the stockholders' equity section of the balance sheet reflecting these transactions, JAE CORPORATION Balance Sheet (Partial) As of December 31 Stockholders' Equity Common stock Paid-in capital in excess of cost, treasury stock Paid-in capital in excess of par, common stock tes $ 0 Total paid in capital Retained earnings Less: Treasury stock Total stockholders' equity $ 0
