Question Help General Marketing Corporation reported the following stockholders' equity at December 31 (adapted and in millions): (Click the icon to view the data.) During the next year, General purchased treasury stock at a cost of $27 million and resold treasury stock for $16 million (this treasury stock had cost the company $4 million). Read the requirements. Requirement 1. Record the purchase and resale of General'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 Next, record the resale of the treasury stock. Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question. ? Question Help General Marketing Corporation reported the following stockholders' equity at December 31 (adapted and in millions): (Click the icon to view the data.) During the next year, General purchased treasury stock at a cost of $27 million and resold treasury stock for $16 million (this treasury stock had cost the company $4 million). Read the requirements. Next, record the resale of the treasury stock. Journal Entry Date Accounts Debit Credit Millions Requirement 2. Overall, how much did stockholders' equity increase or decrease from the two transactions? Overall stockholders' equity by $ million Choose from any list or enter any number in the input fields and then continue to the next question. ? Question Help General Marketing Corporation reported the following stockholders' equity at December 31 (adapted and in millions): E (Click the icon to view the data.) During the next year, General purchased treasury stock at a cost of $27 million and resold treasury stock for $16 million (this treasury stock had cost the company $4 million). Read the requirements. Data Table - Exclude explanations from any journal Requirement 1. Record the purchase and entries. Enter amounts in millions as provid First, record the purchase of the treasury 256 Common stock Additional paid-in capital Retained earnings 297 Date Accounts 2,149 (681) Treasury stock $ 2,021 Total stockholders' equity Print Done Next, record the resale of the treasury stocr. Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question. ? Question Help General Marketing Corporation reported the following stockholders' equity at December 31 (adapted and in millions): E (Click the icon to view the data.) During the next year, General purchased treasury stock at a cost of $27 million and resold treasury stock for $16 million (this treasury stock had cost the company $4 million). Read the requirements. Requirement 1. Record the purchase and recale of Conorallo trascunstock (Racord debite first thon credite Evoludo explanations from any journal entries. Enter amounts in mil Requirements First, record the purchase of Date 1. Record the purchase and resale of General's treasury stock. 2. Overall, how much did stockholders' equity increase or decrease from the two transactions? Print Done Next, record the resale of the treasury stock. Journal Entry Choose from any list or enter any number in the input fields and then continue to the next
