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Exercise 8-13A (Algo) Recording and reporting treasury stock transactions LO 8-5 The following information pertains to JAE Corp. at January 1, Year 2: Common stock, $9 par, 10,000 shares authorized, 2,000 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $18,000 16,300 54,400 JAE Corp.completed the following transactions during Year 2: 1. Issued 1,000 shares of $9 par common stock for $30 per share. 2. Repurchased 160 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? 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. Reg A and B Reqc Reg D STP3.1.pdf STP2.pdf Complete this question by entering your answers in the tabs below. Req A and B Reqc Reg D Organize the transactions data in accounts under the accounting equation. (Enter any decreases to account balances with a mi JAE CORPORATION Accounting Equation for the Year 2 Stockholders' Equity Assets Event Liabilities + Cash Common Stock Paid-in Capital In Excess Common Stock Paid-in Capital In Excess Treasury Stock Treasury Stock Retained Earnings Beg. bal. 1. ++ 2. 3. + + + + + 3 0 0 0 01 + 0 = End, bal. 0 + 01 + Reg A and B Reqc ReqD Prepare the stockholders' equity section of the balance sheet reflecting these transactions. JAE CORPORATION Balance Sheet (Partial) As of December 31, Year 2 Stockholders' Equity $ $ Total paid-in capital 0 $ 0 Total stockholders' equity