The following information pertains to JAE Corp. at January 1, 2018: Common stock, $11 par,...
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Accounting
The following information pertains to JAE Corp. at January 1, 2018: Common stock, $11 par, 13,000 shares authorized, 2,600 shares i and outstanding Paid-in capital in excess of par, common stock Retained earnings $28,600 13,000 70,500 JAE Corp. completed the following transactions during 2018: 1. Issued 1,100 shares of $11 par common stock for $30 per share 2. Repurchased 230 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. Include the number of shares
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