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  1. business
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  3. 232 253 common stock additional paid-in capital re

232 253 Common stock Additional paid-in capital Retained earnings Treasury stock Total stockholders' equity 2,169...

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Accounting

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232 253 Common stock Additional paid-in capital Retained earnings Treasury stock Total stockholders' equity 2,169 (690) $ 1,964 Genius 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, Genius purchased treasury stock at a cost of $28 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 Genius'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 Choose from any list or enter any number in the input fields and then click Check

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