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The following information pertains to JAE Corp. at January 1, Year 2: Common stock, $10 par, 13,000 shares authorized, 2,600 shares Lanced and outstanding Paid-in
The following information pertains to JAE Corp. at January 1, Year 2: Common stock, $10 par, 13,000 shares authorized, 2,600 shares Lanced and outstanding Paid-in capital in excess of par, common stock Retained earnings $26,000 17.400 21,200 JAE Corp. completed the following transactions during Year 2: 1. Issued 900 shares of $10 par common stock for $25 per share. 2. Repurchased 190 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 Red D 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 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 ReqC Complete this question by entering your answers in the tabs below. Reg A and B Reqc RegD Organize the transactions data in accounts under the accounting equation. (Enter any decreases to account balances with a minus sign.) Assets JAE CORPORATION Accounting Equation for the Year 2 Stockholders' Equity Pald-in Pald-in Common Capital in Capital in Excess Excess Stock Common Treasury Stock Stock Event Liabilities Treasury Stock Retained Earnings Cash TU . Beg. bal. 1. 2 3 End, bal 0 01 + 0 ol 0 0 RegD
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