Explanation:
The journal entry to record the re-issuance of the stock is shown below:
Cash A/c Dr $240,000 (20,000 shares × $12)
Retained earnings A/c Dr $80,000
To Treasury stock $320,000
(Being the re-issuance of the stock is recorded)
The computation is shown below:
For treasury stock
= 20,000 shares × ($16 per share - $12 per share)
= $80,000
So as we can see the retained earnings is decreased by $80,000
Answer:
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Voice is very important to connect your thoughts with the readers. If you want to get connected with your readers you should know their language. There are different types of voices such as you-voice, we-voice, I-voice and impersonal voice. All theses voices have their own use and purpose.
You-voice will force you to consider the needs and wants of your readers. You-voice is all about the needs and wants of the readers.
1) A student loan is an example of an unsecured debt. A secured debt is when a person has something as collateral like their automobile.
2) Unsecured debts usually have higher interest rates when compared to something with a secured debt.
