On January 10, 2019. Trendy Design Services purchased treasury stock at a cost of $20 million On July 3, 2019, Trendy re

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On January 10 2019 Trendy Design Services Purchased Treasury Stock At A Cost Of 20 Million On July 3 2019 Trendy Re 1 (34.27 KiB) Viewed 63 times

On January 10, 2019. Trendy Design Services purchased treasury stock at a cost of $20 million On July 3, 2019, Trendy resold some of the treasury stock for $7 million this resold treasury stock had cost the company S5 million Record the purchase and resale of Trendy'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 Trendy'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 Jan 10