Exercise 11-13A (Algo) Recording and reporting treasury stock transactions LO 11-5 The following information pertains to...

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Exercise 11-13A (Algo) Recording and reporting treasury stock transactions LO 11-5 The following information pertains to JAE Corporation at January 1, Year 1: Common stock, $10 par, 8,000 shares authorized, 1,600 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings JAE Corporation completed the following transactions during Year 1: 1. Issued 950 shares of $10 par common stock for $25 per share. $16,000 14,200 65,600 2. Repurchased 210 shares of its own common stock for $22 per share. 3. Resold 50 shares of treasury stock for $23 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Req A and B Req C Req D 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 2,650 1,000 x Req A and B Req C > Exercise 11-13A (Algo) Recording and reporting treasury stock transactions LO 11-5 The following information pertains to JAE Corporation at January 1, Year 1: Common stock, $10 par, 8,000 shares authorized, 1,600 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings JAE Corporation completed the following transactions during Year 1: 1. Issued 950 shares of $10 par common stock for $25 per share. $16,000 14,200 65,600 2. Repurchased 210 shares of its own common stock for $22 per share. 3. Resold 50 shares of treasury stock for $23 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Req A and B Req C Req D 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 2,650 1,000 x Req A and B Req C >