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The following information pertains to JAE Corporation at January 1 , Year 1 : Common stock, $ 1 1 par, 1 5 , 0 0
The following information pertains to JAE Corporation at January Year :
Common stock, $ par, shares authorized,
shares issued and outstanding $
Paidin capital in excess of par, common stock
Retained earnings
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.
Complete this question by entering your answers in the tabs below.
Req A and B
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
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