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Talented Marketing Corporation reported the following shareholders' equity at December 31 (adapted and in millions): B (Click the icon to view the data.) During the
Talented Marketing Corporation reported the following shareholders' equity at December 31 (adapted and in millions): B (Click the icon to view the data.) During the next year, Talented Marketing purchased treasury shares at a cost of $26 million and resold treasury shares for $8 million (this treasury share had cost Talented Marketing $5 million). Record the purchase and resale of Talented Marketing's treasury shares. Overall, how much did shareholders' equity increase or decrease as a result of the two treasury share transactions? .... Record the purchase and resale of Talented Marketing's treasury shares. (Record debits first, then credits. Explanations are not required. Enter amounts in millions.) First, record the purchase of the treasury shares. Journal Entry Accounts Debit Credit Data table Millions 26 Treasury Shares Cash 281 26 231 Ordinary share Additional paid-in capital Retained earnings Treasury share 2.199 (601) $ 2,110 Next, record the resale of the treasury shares. Journal Entry Total shareholders' equity Accounts Debit Credit Millions Print Done Cash Treasury Shares Paid-in Capital from Treasury Share Transactions Overall, how much did shareholders' equity increase or decrease as a result of the two treasury share transactions? Overall, shareholders' equity by $ million
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