Solution a:
Outstanding shares at end = 2200 + 800- 180 + 50 = 2870 shares
Solution b:
Issued shares at end = 2200 + 800 = 3000 shares
Solution c:
JAE Corporation | |||||||||||||
Accounting Equation for the year 2018 | |||||||||||||
Event no. | Assets | = | Liabilities | + | Stockholders' Equity | ||||||||
Cash | Common Stock | + | Paid in capital in excess Common stock | + | Paid in capital in excess Treasury stock | - | Treasury Stock | + | Retained Earnings | ||||
Beg. Bal. | $19,800 | $15,900 | $58,800 | ||||||||||
1 | $24,000 | $7,200 | $16,800 | ||||||||||
2 | -$4,860 | $4,860 | |||||||||||
3 | $1,400 | $50 | -$1,350 | ||||||||||
End. Bal. | $20,540 | $0 | $27,000 | $32,700 | $50 | $3,510 | $58,800 |
Solution d:
JAE Corporation | ||
Balance Sheet (Partial) | ||
As of December 31 | ||
Stockholders' Equity: | ||
Common Stcok, $9 Par,11000 shares authorized, 3000 shares issued and 2870 shares outstanding | $27,000 | |
Paid in capital in excess Common stock | $32,700 | |
Paid in capital in excess Treasury stock | $50 | |
Total paid in Capital | $59,750 | |
Add: retained earnings | $58,800 | |
Less: Treasury stock | -$3,510 | |
Total Stock holders Equity | $1,15,040 |
The following information pertains to JAE Corp. at January 1, Year 1 Common stock, $9 par,...
The following information pertains to JAE Corp. at January 1, Yeart Common stock, $12 par, 12,000 shares authorized, 2,480 shares issued and outstanding Paid-in capital in excess of par, common stock Retoined earnings $28,800 18,000 67,200 JAE Corp. completed the following transactions during Year 1: 1. Issued 700 shares of $12 par common stock for $28 per share. 2. Repurchased 240 shares of its own common stock for $25 per share. 3. Resold 50 shares of treasury stock for $26...
The following information pertains to JAE Corp. at January 1, 2018: Common stock, $ 9 par, 15,000 shares authorized, 3,000 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $ 27,000 15,800 51,100 JAE Corp. completed the following transactions during 2018: 1. Issued 900 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...
The following information pertains to JAE Corp. at January 1, 2018: Common stock, $9 par, 15,000 shares authorized, 3,000 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $27,000 15,800 51,100 JAE Corp. completed the following transactions during 2018: 1. Issued 900 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...
The following information pertains to JAE Corp. at January 1, 2018: Common stock, $10 par, 20,000 shares authorized, 2,000 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $20,000 15,000 82,000 JAE Corp. completed the following transactions during 2018: 1. Issued 3,000 shares of $10 par common stock for $25 per share. 2. Repurchased 500 shares of its own common stock for $26 per share. 3. Resold 200 shares of treasury stock for $30 per...
The following information pertains to JAE Corp. at January 1, Yeart: Connon stock, $10 par, 14,000 shares authorized, 2,800 shares issued and outstanding Paid-in capital in excess of par, connon stock Retained earnings $28,000 13,100 65,900 JAE Corp. completed the following transactions during Year 1: 1. Issued 1,000 shares of $10 par common stock for $25 per share, 2. Repurchased 170 shares of its own common stock for $22 per share. 3. Resold 50 shares of treasury stock for $23...
The following information pertains to JAE Corp. at January 1, Year 1: Corrmon stock, $8 par, 8,000 shares authorized, 1,600 shares issued and outstanding Paid-in capital in excess of par, corrmon stock Retained earnings $12,800 16,300 73,400 JAE Corp. completed the following transactions during Year 1: 1. Issued 1,000 shares of $8 par common stock for $29 per share. 2. Repurchased 220 shares of its own common stock for $26 per share. 3. Resold 50 shares of treasury stock for...
The following information pertains to JAE Corp. at January 1, 2018: Common stock, $9 par, 15,000 shares authorized, 3,000 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $ 27,000 15,800 51,100 JAE Corp. completed the following transactions during 2018: 1. Issued 900 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...
The following information pertains to JAE Corp. at January 1, 2018: Common stock, $8 par, 10,000 shares authorized, 2,000 shares issued and outstanding $ 16,000 Paid-in capital in excess of par, common stock 13,200 Retained earnings 60,800 JAE Corp. completed the following transactions during 2018: Issued 850 shares of $8 par common stock for $27 per share. Repurchased 250 shares of its own common stock for $24 per share. Resold 50 shares of treasury stock for $25 per share. Required:...
The following information pertains to JAE Corp. at January 1, 2018: 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 $16,000 13,100 50,200 JAE Corp. completed the following transactions during 2018: 1. Issued 1,150 shares of $10 par common stock for $31 per share. 2. Repurchased 210 shares of its own common stock for $28 per share. 3. Resold 50 shares of treasury stock for $29 per...
The following information pertains to JAE Corp. at January 1, 2018: Common stock, $11 par, 10,000 shares authorized, 2,000 shares issued and outstanding $ 22,000 Paid-in capital in excess of par, common stock 13,600 Retained earnings 64,500 JAE Corp. completed the following transactions during 2018: 1. Issued 1,050 shares of $11 par common stock for $27 per share. 2. Repurchased 220 shares of its own common stock for $24 per share. 3. Resold 50 shares of treasury stock for $25...