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help please 9 Genlus Marketing Corporition reported the following slocknolders' equity at December 31 (adspted and in millions): (Cick the icon to view the dita)
help please 9
Genlus Marketing Corporition reported the following slocknolders' equity at December 31 (adspted and in millions): (Cick the icon to view the dita) Duaing the ned year, Genius purchased treasury stock at a cost of $26 milion and resold troatury stock for $16 milion (this treasury stock had cost the company $3 milion) Read the reaurements Requirement 1. Record the purchase and resalo of Ganius's treasury stock. (Recond debits trat, then crodits. Enclude explanations from any joumal entries. Enler amounts in milligns as orovided you in the problem statement.) Fist record the purchase of the treasury stock. Data table Requirements 1. Record the purchase and resale of Genius's treasury stock. 2. Overall, how much did stockholders' equity increase or decrease from the two transactions Step by Step Solution
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