1. a company reported the following stockholders’ equity on january 1 of the current year: common stock, $10 par, 1,000,000 shares authorized, 250,000 shares issued .. $2,500,000 paid-in capital in excess of par, common 1,260,000 retained earnings 1,675,000 total stockholders’ equity ... $5,435,000 prepare journal entries for the following selected transactions related to this company’s stock during the current year: mar. 1 purchased 10,000 shares of treasury stock for $18 per share. may 5 sold 4,000 shares of treasury stock for $16 per share. oct. 12 sold 2,000 shares of treasury stock for $19 per share.

Juanita and sam attend a beach party and notice that the local beach appears to have a great deal more trash washed up on shore than it did when they were young. the water doesn't appear nearly as clear, and there seems to be less evidence of small water creatures living in the shallows. an afternoon at the local library convinces them that one major cause is the new factory nearby. after some discussion, they decide their next step should be identifying the cause of the changes identifying the problem picketing the guilty factory lobbying their elected representatives to complain about the problem talking to a local environmental group about solutions

Which of the following will not cause the consumption schedule to shift? a) a sharp increase in the amount of wealth held by households b) a change in consumer incomes c) the expectation of a recession d) a growing expectation that consumer durables will be in short supply

Acompany that uses the periodic inventory system provided the following information: 1. beginning inventory $ 5 comma 0002. purchases $ 150 comma 0003. purchase discounts $ 2 comma 1004. purchase returns and allowances $ 1 comma 000at the end of the period, the physical count of inventory reveals that $ 16 comma 000 worth of inventory is on hand. what is the amount of cost of goods sold?