The following Information pertains to JAE Corporation at January 1, Year 1: Common stock, $10 par,...

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The following Information pertains to JAE Corporation at January 1, Year 1: Common stock, $10 par, 10,000 shares authorized, 2,000 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 1,200 shares of $10 par common stock for $25 per share. $20,000 13,600 63,500 2. Repurchased 180 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. Complete this question by entering your answers in the tabs below. Req A and B Req C Req D Organize the transactions data in accounts under the accounting equation. Note: Enter any decreases to account balances with a minus sign. Not all cells require input. JAE CORPORATION Accounting Equation for the Year 1 Assets Stockholders' Equity Event = Liabilities Cash Common Stock Paid-in Capital In Excess Common Stock Paid-in Capital In Excess Treasury Stock Treasury Stock Retained Earnings Beginning balance 1. 2. 3. Ending balance + + + + Prepare the stockholders' equity section of the balance sheet reflecting these transactions. JAE CORPORATION Balance Sheet (Partial) Stockholders' Equity Total paid-in capital Total stockholders' equity As of December 31 The following Information pertains to JAE Corporation at January 1, Year 1: Common stock, $10 par, 10,000 shares authorized, 2,000 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 1,200 shares of $10 par common stock for $25 per share. $20,000 13,600 63,500 2. Repurchased 180 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. Complete this question by entering your answers in the tabs below. Req A and B Req C Req D Organize the transactions data in accounts under the accounting equation. Note: Enter any decreases to account balances with a minus sign. Not all cells require input. JAE CORPORATION Accounting Equation for the Year 1 Assets Stockholders' Equity Event = Liabilities Cash Common Stock Paid-in Capital In Excess Common Stock Paid-in Capital In Excess Treasury Stock Treasury Stock Retained Earnings Beginning balance 1. 2. 3. Ending balance + + + + Prepare the stockholders' equity section of the balance sheet reflecting these transactions. JAE CORPORATION Balance Sheet (Partial) Stockholders' Equity Total paid-in capital Total stockholders' equity As of December 31