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On January 10,2022, Creative Design Services purchased treasury stock at a cost...

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Accounting

On January 10,2022, Creative Design Services purchased treasury stock at a cost of $23 million. On July 3,2022, Creative resold some of the treasury stock for $10 million; this resold treasury
stock had cost the company $3 million.
Record the purchase and resale of Creative'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 Creative'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
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