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The following information pertains to JAE Corporation at January 1 , Year 1 :JAE Corporation completed the following transactions during Year 1 : Issued 7
The following information pertains to JAE Corporation at January Year :JAE Corporation completed the following transactions during Year :
Issued shares of $ par common stock for $ per share.
Repurchased shares of its own common stock for $ per share.
Resold shares of treasury stock for $ 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.
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