Ayayai Corporation had the following stockholders' equity accounts on January 1, 2020: Common Stock($4 par) $400,000, Paid-in Capital in Excess of Par - Common Stock $175,000, and Retained Earnings $100,000. In 2020, the company had the following treasury stock transactions. Mar.1: Purchased 5,500 shares at $8 per share
June.1 : Sold 1,000 shares at $12 per share
Sept. 1: Sold 1,000 shares at $10 per share
Dec.1: Sold $1,000 shares at $6 per share
Ayayai Corporation uses the cost method of accounting for treasury stock. In 2020, the company reported net income of $25,000.
1) Journalize the treasury stock transactions, and prepare the closing entry at December 31, 2020, for net income.
2) Prepare the stockholders' equity section for Ayayai Corporation at December 31, 2020.

What impact did the economic opportunities in pennsylvania and new york have on virginia? a. virginia planters started to migrate to new york. b. new yorkers began buying up cheap virginia real estate. c. virginians found themselves resorting increasingly to slavery. d. virginians loosened their slave laws to attract more migrants.

Alandowner entered into a written agreement with a real estate broker whereby the broker would receive a commission of 10% of the sale price if he procured a "ready, willing, and able buyer" for the landowner's property and if the sale actually proceeded through closing. the broker found a buyer who agreed in writing to buy the property from the landowner for $100,000, the landowner's asking price. the buyer put up $6,000 as a down payment. the agreement between the landowner and the buyer contained a liquidated damages clause providing that, if the buyer defaulted by failing to tender the balance due of $94,000 at the closing date, damages would be 10% of the purchase price. the landowner included that clause because she was counting on using the proceeds of the sale for a business venture that would likely net her at least $10,000. the buyer became seriously ill and defaulted. when he recovered, he demanded that the landowner return his $6,000, and the landowner refused. the broker also demanded the $6,000 from the landowner and was refused. the broker and the buyer filed separate suits against the landowner, with the buyer pleading impossibility of performance. the two cases are consolidated into a single case. how should the court rule as to the disposition of the $6,000?

Which of the following is an example of an unsought good? a. cameron purchases a new bike. b. jordan buys paper towels. c. taylor buys cupcakes from her favorite bakery. d. riley buys new windshield wipers for her car.