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These are all part of one big question surrounding this first screenshot. If I need to break up the sub-questions more, let me know. thanks
These are all part of one big question surrounding this first screenshot. If I need to break up the sub-questions more, let me know. thanks
The following information pertains to JAE Corp. at January 1, Year 1 Common stock, $8 par, 8,000 shares authorized, 1,600 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $12,800 17,900 69,500 JAE Corp. completed the following transactions during Year 1: 1. Issued 1,000 shares of $8 par common stock for $30 per share. 2. Repurchased 190 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? Outstanding shares at the end of the period b. How many shares of common stock had been issued at the end of the period? Issued shares at the end of the period c. Prepare journal entries for these transactions and post them to T-accounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 1 Issued 1,000 shares of $8 par common stock for $30 per share. Note: Enter debits before credits. General Journal Transaction Debit Credit 1 Record entry Clear entry View general journal Journal entry worksheetStep by Step Solution
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