Very Large Inc. had the following stock transactions during the year:

1/1 Balance- 100,000 shares

3/1 issued 10,000 shares

5/15 declared a 10% stock dividend

12/1 purchased 1,000 shares for the treasury

Determine the weighted-average number of shares to compute earnings per share.

Please show work

Can you also answer this simple question if you dont mind

In 2008, prior to closing their books, Free Company determines that they failed to accrue interest expense of $17,000, at the end of 2007. The interest was paid during 2008 prior to discovering the error. Make the necessary journal entry to correct this error when found.

ANSWER BOTH QUESTIONS