in year 1, clark purchased 1,000 shares of treasury stock for $10 per share. in year 2, clark reissued 200 shares of treasury stock for $14 per share. the journal entry to record the transaction in year 2 will include a credit to

Generally, The act of maintaining or creating records of any transactions, whether economic or non-commercial in nature, is referred to as an entry in a journal.

An accounting journal is a record kept by an organization that details the transactions that have taken place and display the debit and credit balances.

The entry in the diary may include many records, each of which may be either a debit or a credit depending on the circumstance.

The portion of a company's balance sheet devoted to shareholders' equity is the place where retained profits are normally recorded.

When calculating retained earnings, the beginning-period retained profits are subtracted from the net income (or loss) before being added to the current period's total income before being adjusted for dividend distributions.

In conclusion, In year 2, the item in the journals that will be used to record the transaction will contain a credit to debit to Retained Earnings.