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On January 10, 2019, Chatter Design Services purchased treasury stock at a cost of $23 million. On July 3, 2019, Chatter resold some of the
On January 10, 2019, Chatter Design Services purchased treasury stock at a cost of $23 million. On July 3, 2019, Chatter resold some of the treasury stock for $15 million; this resold treasury stock had cost the company $3 million. Record the purchase and resale of Chatter'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 Chatter'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 Date Accounts Debit Credit Millions Jan 10 Next, record the resale of the treasury stock. Journal Entry Date Accounts Debit Credit Millions Jul 3 Choose from any list or enter any number in the input fields and then continue to the next question On January 10, 2019, Chatter Design Services purchased treasury stock at a cost of $23 million. On July 3, 2019, Chatter resold some of the treasury stock for $15 million; this resold treasury stock had cost the company $3 million. Record the purchase and resale of Chatter's treasury stock. Overall, how much did stockholders' equity increase or decrease as a result of the two treasury-stock transactions? Date Accounts Debit Credit Millions Jan 10 Next, record the resale of the treasury stock. Journal Entry Date Accounts Debit Credit Millions Jul 3 Overall, how much did stockholders' equity increase or decrease as a result of the two treasury-stock transactions? million Overall stockholders' equity by $ Choose from any list or enter any number in the input fields and then continue to the next
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