Arrow Corporation Began 2017 with the Following Account Balances In January 2017,Arrow Corporation Reported the Following Transactions:
Jan

question 68

Essay

Arrow Corporation began 2017 with the following account balances:
$\begin{array}{ll}\text { Common shares, } 100,000 \text { shares authorized, } 75,000 \text { issued } & \$ 2,175,000 \\\text { Retained earnings } & 750,000\end{array}$
In January 2017,Arrow Corporation reported the following transactions:
Jan. 10 Reacquired 5,000 of its own shares for $\$ 30$ per share
20 Sold 3,000 of the reacquired shares for $\$ 33$ per share,
30 Sold the remaining reacquired shares for $\$ 22$ per share.
Record journal entries for the above transactions.

Evaluate the protection granted to both parties in a sales transaction by the Sale of Goods Act.

Critically assess contractual disputes involving quality and suitability of goods in specific cases.

Apply the principles of the Sale of Goods Act to advise parties in complex contractual disputes.

Understand the environmental challenges associated with packaging and labeling.

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