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15 Test: 93 pis possible On January 10, 2016, Jenson Corporation purchased treasury stock at a cost of $21 million. On July 3, 2016. Jenson

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15 Test: 93 pis possible On January 10, 2016, Jenson Corporation purchased treasury stock at a cost of $21 million. On July 3, 2016. Jenson Corporation resold some of the treasury stock for $12 million; this resold treasury stock had cost Jonson Corporation $4 million Record the purchase and resale of Jenson Corporation's treasury stock. Overall, how much did stockholders' equity increase or decrease as a result of the two treasury-stock transactions? Record the purchase and resale of Jenson Corporation's treasury stock. (Record debits first, then credits. Exclude explanations from any journal entries. Enter amounts in millions as provided to you in the problem statement.) First, record the purchase of the treasury stock. Journal Entry Accounts Debit Credit Jan 10 Next, record the resale of the treasury stock. Journal Entry Debit Credit Accounts Choose from any list or enter any number in the input fields and then continue to the next question LLUI JU118 complete) This Test: 93 pts poss On January 10, 2016, Jenson Corporation purchased treasury stock at a cost of $21 million. On July 3, 2016, Jenson Corporation resold some of the treasury stock fo $12 million; this resold treasury stock had cost Jenson Corporation $4 million Record the purchase and resale of Jenson Corporation's treasury stock. Overall, how much did stockholders' equity increase or decrease as a result of the two treasury-stock transactions? Next, record the resale of the treasury stock. Journal Entry Accounts Debit Credit Millons Jul 3 Overall how much did stockholders' equilty Increase or decrease as a result of the two treasury stock transactions? Overall stockholders' equilty by $1 million Choose from any list or enter any number in the input fields and then continue to the next

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