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The following information pertains to JAE Corporation at January 1 , Year 2 : Common stock, $ 8 par, 1 2 , 0 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
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.
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