This is the answer of my one of the question, I need this in your hand writting

You just need to copy this and re write into your hand writting

Note : Hand writting must be very clean and clear , presentation as well

\fExplanation: 1 The declaralion at the dividend calls forthe reduction of the Retained Earnings even if not yet paid. The normal balance ofthe Retained earnian is credit, to reduce it would require a debltto the account Since not yet paidI a liability is set up which is the cash dividends payable. The 120000 outshnding shares equals the issued shares since no treasury shares yet at this point. Since the record date is Feb 25 and no transaction of issuance and purchase of stocks made until that point 120000 shares will he used. 2 Purchase of own shares means the company should recognize a treasury shares, these shares are sll issued but not outstanding. Issued means the capital accounts are not yet eliminated but will not only receive dividends lithe company will declare one in the future. Take note that the 15000 Treasury share are credited at costipurchase price} and the capital accounts are still outstanding. 3 Payment ofthe declared cash dividend will only require to cancel the liability recognize and credit the cash id to the shareholders. The sale of treasury shares means a reissuance of the Treasury shares. Note that treasury shares are being cancelled butthe capinl accounts ofthese shares remains unchanged. Reissuance may be at cost, purchase price equals reissue price which is the case in this problem. Therefore. only the treasury shares will be credited. it happens the reissue miner-purchase price the dll'lerence is credited to share premium- treasury shares. How iftheh'easury shares are reissued where reissue price