On January $10,2022,$ Creative Design Services purchased treasury stock at a cost of $$23$ million. On July $3,2022,$ Creative resold some of the treasury stock for $$10$ million; this resold treasury

stock had cost the company $$3$ million.

Record the purchase and resale of Creative'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 Creative'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