On January 10 , 2019 , Frawley Design Services purchased treasury stock at a cost of $ 28 million. On July 3 , 2019 , Frawley 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 Frawley'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 Frawley'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.

Account choices:

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 Cash Common stock Dividends Payable re Paid-in capital in excess of par Paid-in Capital from Treasury Stock Transactions Preferred stock Retained Earnings Treasury Stock Debit Credit Millions Overall, how much did stockholders' equity increase or decrease as a result of the two treasury-stock transactions? by million. Overall stockholders' equity