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The following information pertains to JAE Corporation at January 1 , Year 1 : Common stock, $ 9 par, 9 , 0 0 0 shares

The following information pertains to JAE Corporation at January 1, Year 1:
Common stock, $9 par, 9,000 shares authorized, 1,800 shares issued and outstanding $16,200
Paid-in capital in excess of par, common stock 15,600
Retained earnings 63,700
JAE Corporation completed the following transactions during Year 1:
Issued 1,050 shares of $9 par common stock for $28 per share.
Repurchased 240 shares of its own common stock for $25 per share.
Resold 50 shares of treasury stock for $26 per share.
Required:
How many shares of common stock were outstanding at the end of the period?
How many shares of common stock had been issued at the end of the period?
Organize the transactions data in accounts under the accounting equation.
Prepare the stockholders equity section of the balance sheet reflecting these transactions.Issued 1,050 shares of $9 par common stock for $28 per share.
Repurchased 240 shares of its own common stock for $25 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.
(8) Answer is not complete.
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8 Answer is not complete.
Complete this question by entering your answers in the tabs below.
Organize the transactions data in accounts under the accounting equation. Note: Enter any decreases to account balances with
Note: Enter any decreases to account balances with a minus sign. Not all cells require input.
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