Whole Foods Market, Inc., is the worlds leading natural and organic foods supermarket. The company is based

Question:

Whole Foods Market, Inc., is the world€™s leading natural and organic foods supermarket. The company is based in Austin, Texas, and conducts business through various wholly-owned subsidiaries. The following information was contained in the company€™s (amounts in thousands):

Current Year Prior Year Shareholders' equity: Common stock, no par value Common stock in treasury, at cost Retained earn

Required
Prepare journal entries to record the issuance of common stock and the purchase of treasury stock in the current year. During the current year, the company earned net income of $203.828 million. Record the declaration and payment of dividends, if any, during the currentyear.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...