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  3. ury stock for $8 mill 1 data table - et, then cred

ury stock for $8 mill 1 Data Table - et, then credits. Exc s as...

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Accounting

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ury stock for $8 mill 1 Data Table - et, then credits. Exc s as provided to you in the pa 243 246 Common stock Additional paid-in capital Retained earnings Treasury stock 2,149 (611) $ 2,027 Total stockholders' equity Print Done 0 Requirements 1. Record the purchase and resale of Genius's treasury stock. 2. Overall, how much did stockholders' equity increase or decrease from the two transactions? Print Done ver Genius Marketing Corporation reported the following stockholders' equilty at December 31 (adapted and in millions) Cuck the icon to view the data) During the next year, Genius purchased treasury stock at a cost of $22 million and resold treasury stock for $8 million (this treasury stock had cost the company $2 million) Read the requirements Requirement 1. Record the purchase and resale of Genius's treasury stock. (Record debita first, then credits. Exclude explorations from any jourtial enties. Enter amounts First, record the purchase of the treasury stock. Journal Entry Accounts Credit Date Debit Millions

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