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On January 10, 2019, Jenson Design Services purchased treasury stock at a cost of $28 million. On July 3, 2019, Jenson resold some of the
On January 10, 2019, Jenson Design Services purchased treasury stock at a cost of $28 million. On July 3, 2019, Jenson resold some of the treasury stock for $15 million; this resold treasury stock had cost the company $4 million. Record the purchase and resale of Jenson'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'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 Date Debit Credit Millions Jan 10 Next, record the resale of the treasury stock. Journal Entry Accounts Date Debit Credit Millions Jul 3 Overall, how much did stockholders' equity increase or decrease as a result of the two treasury-stock transactions? Overall stockholders' equity by $ million
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