The following information pertains to JAE Corporation at January 1, Year 1. Common stock, $9 par, 14,000 shares authorized, 2,800 shares issued and outstanding $ 25,200 Paid-in capital in excess of par, common stock 17,100 Retained earnings 54,700 JAE Corporation completed the following transactions during Year 1: 1. Issued 850 shares of $9 par common stock for $30 per share. 2. Repurchased 220 shares of its own common stock for $27 per share. 3. Resold 50 shares of treasury stock for $28 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? c1. Prepare journal entries for these transactions, c2. Post the journal entries to T-accounts. 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 to B Req ci Req C2 Reg D 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? a. Outstanding shares at the end of the period Issued shares at the end of the period 3,480 3,700 b. auto education Questions come El cong -13A. P51-25A Complete this question by entering your answers in the tabs below. Tags B Prepare pour les for these transaction. (tre entry is required for actions, les istant View on el Journal entry worksheet sued as of sopar common stock for $30 per name. Record the transaction 2000 Transaction General 1 Com Como Paid in common stock 7 17.30 Record entry Cleantry Veganerelor Muchack Pro of MacBook Pro o @ $ 4 % 5 8 7 3 6 07 8 W E m R 20 T Y U S D F G H C V B N Question --A, 6-12, T-BA, P11-25A - Connect 2001 FACE ET-IJA, P11-26 Complete this question by entering your answers in the tabs below. Nee Ato React Prepare journal entries for these transactions. (If no entry is rewired for atraction/event, Erst account held:) View transaction Fit Journal entry worksheet Resold 50 shares of treasury stock for $25 per share. Hecord the transaction Note Edebitere credits General Chat Transaction 3 Cash Treasury Dab 1.400 1400 Record entry View general journal MacBook Pro > ) 3 $ 4 U1X % 5 6 7 00 W E R T U S D F G H C V B N Complete this question by entering your answers in the tabs below. Reg A to B Reg Ci Reg C2 Reg D Post the journal entries to T-accounts. Cash (partial) Common Stock Beginning Balance Beginning Balance Ending Balance Ending Balance Treasury Stock Pald-in Capital in Excess of Par Value-Common Stock Beginning Balance Beginning Balance Ending Balance Ending Balance Pald-in Capital in Excess of Cost of Treasury Stock Beginning Balance Ending Balance Req A to B Reg C1 Reg C2 Reg D Prepare the stockholders' equity section of the balance sheet reflecting these transactions. (Amounts to be deducted should be indicated with minus sign.) Stockholders' equity Total pald-in capital $ 0 Total stockholders' equity $ 0 The following information pertains to JAE Corporation at January 1, Year 1. Common stock, $9 par, 14,000 shares authorized, 2,800 shares issued and outstanding $ 25,200 Paid-in capital in excess of par, common stock 17,100 Retained earnings 54,700 JAE Corporation completed the following transactions during Year 1: 1. Issued 850 shares of $9 par common stock for $30 per share. 2. Repurchased 220 shares of its own common stock for $27 per share. 3. Resold 50 shares of treasury stock for $28 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? c1. Prepare journal entries for these transactions, c2. Post the journal entries to T-accounts. 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 to B Req ci Req C2 Reg D 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? a. Outstanding shares at the end of the period Issued shares at the end of the period 3,480 3,700 b. auto education Questions come El cong -13A. P51-25A Complete this question by entering your answers in the tabs below. Tags B Prepare pour les for these transaction. (tre entry is required for actions, les istant View on el Journal entry worksheet sued as of sopar common stock for $30 per name. Record the transaction 2000 Transaction General 1 Com Como Paid in common stock 7 17.30 Record entry Cleantry Veganerelor Muchack Pro of MacBook Pro o @ $ 4 % 5 8 7 3 6 07 8 W E m R 20 T Y U S D F G H C V B N Question --A, 6-12, T-BA, P11-25A - Connect 2001 FACE ET-IJA, P11-26 Complete this question by entering your answers in the tabs below. Nee Ato React Prepare journal entries for these transactions. (If no entry is rewired for atraction/event, Erst account held:) View transaction Fit Journal entry worksheet Resold 50 shares of treasury stock for $25 per share. Hecord the transaction Note Edebitere credits General Chat Transaction 3 Cash Treasury Dab 1.400 1400 Record entry View general journal MacBook Pro > ) 3 $ 4 U1X % 5 6 7 00 W E R T U S D F G H C V B N Complete this question by entering your answers in the tabs below. Reg A to B Reg Ci Reg C2 Reg D Post the journal entries to T-accounts. Cash (partial) Common Stock Beginning Balance Beginning Balance Ending Balance Ending Balance Treasury Stock Pald-in Capital in Excess of Par Value-Common Stock Beginning Balance Beginning Balance Ending Balance Ending Balance Pald-in Capital in Excess of Cost of Treasury Stock Beginning Balance Ending Balance Req A to B Reg C1 Reg C2 Reg D Prepare the stockholders' equity section of the balance sheet reflecting these transactions. (Amounts to be deducted should be indicated with minus sign.) Stockholders' equity Total pald-in capital $ 0 Total stockholders' equity $ 0
