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On January 10, 2022. Gellman Design Services purchased treasury stock at a cost of $21 million On July 3, 2022. Gellman resold some of the

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On January 10, 2022. Gellman Design Services purchased treasury stock at a cost of $21 million On July 3, 2022. Gellman resold some of the treasury stock for $9 million, this resold treasury stock had cost the company $3 million Record the purchase and resale of Gellman's treasury stock. Overall, how much did stockholders' equity increase or decrease as a result of the two treasury-stock transactions? CLERID Record the purchase and resale of Gellman's treasury stock. (Record debits first, then credits. Exclude explanations from any joumal 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 21 Treasury Stock Cash 21 Next, record the resale of the treasury stock. Journal Entry Date Accounts Debit Credit Millions Jul 3 Cash Treasury Stock Paid-in Capital from Treasury Stock Transactions Overall, how much did stockholders' equity increase or decrease as a result of the two treasury-stock transactions Enter the overall increase or decrease in millions Use a minus sign or parentheses to identify a decrease.) Overall, how much did stockholders' equity increase or decrease as a result of the two treasury-stock transactions (Enter the overall increase or decrease in millions. Use a minus sign or parentheses to identify a decrease) Overall increase (decrease) in stockholders equity, in million, as a result of the two treasury-stock transactions = 12

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