Question: E. Data table 243 Common stock 231 Additional paid-in capital Retained earnings Treasury stock 2,149 (601) $ 2,022 Total stockholders' equity Allenton Marketing Corporation reported


E. Data table 243 Common stock 231 Additional paid-in capital Retained earnings Treasury stock 2,149 (601) $ 2,022 Total stockholders' equity Allenton 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, Allenton purchased treasury stock at a cost of $22 million and resold treasury stock for 10 million (this treasury stock had cost the company $2 millon) Read the regulirements Requirement 1. Record the purchase and resale of Allenton's treasury stock (Record debts first, then credits Exclude explanations from any joumat entries Enter amounts in milions as provided to you in the problem statement) First, record the purchase of the treasury stock Journal Entry Date Accounts Debit Credit Million Next record the role of the treasury stock Journal Entry Date Accounts Debit Credit Milli Next, record the resale of the treasury stock Journal Entry Date Accounts Debit Credit Millions Requirement 2. Overall, how much did stockholders equity increase or decrease from the two transactions? (Enter a decrease with a minus sign or parentheses) The increase (decrease in overall stockholders equity, in millions, is
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