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I need help with this question In 2024. Poe's Products completed the treasury stock transactions described below. January 2: Reacquired 18 mil1ion shares at $16.50.
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In 2024. Poe's Products completed the treasury stock transactions described below. January 2: Reacquired 18 mil1ion shares at \$16.50. per share. February i5: Sold 3 mi11ion treasury shares at 320.25 per share. septenber 20: Sold 3 nillion treasury shares at 515.25 per share. Poe had issued 50 million shares of its $1 par common stock for $18 several years ago Requlred: Record the above transactions assuming that Poe's Products uses the costmethod: Note: If no entry is required for a transactionievent, select "No Journol entry requlred" In the first account fleld. En In mililons rounded to 2 decimal ploces (1.e,, 5,500,000 should be entered as 5.30). Journal entry worksheet Reacquired 10 million shares at $16.50 per share. Notef tnter debits vefure ciedis in 2024. Poe's Products completed the treasury stock transactions described below. January 2: Reacquired 1e mitiion shares at s16i se per share: February 15: Sold 3 mi11ion treasury shares at 320.25 per share. Septenber 20: Sold 3 militon treasury shares at $15,25 per share. Poe had issued 50 million shares of its $1 par common stock for \$18 several years ago: Required: Record the above transactions assuming that Poe's Products uses the cost method: Note: If no entry is requlred for o transactionievent, select "No Journal entry required" In the first occount field. Enter your answers In milllons rounded to 2 decimol places (l.e., 5,900,000 should be entered as 5,50). Journal entry worksheet In 2024. Poe's Products completed the treasury stock transactions described below. January 2: Reacquired 10: mi11ion shares at 116.50 pen share. February 15: sold 3 million treasury shares at 520.25 per share september 20: sold i mil1ion treasury shares at \$15.25 per share. Poe-had issued 50 milion shares of its $1 par common stock for $18 several years ago Required: Record the above transactions assuming that Poe's Products uses the costmethod Note: If no entry is requlred for o tronsoction/event, select "No Journal entry requlred" In the first account fleid. Enter your an In millions rounded to 2 decimal places (1.e., 3,500,000 should be entered os 5.50 ). Journal entry worksheet Sold 3 million treasury shares at $15.25 per share. Notectinter debus berore crvalta Step by Step Solution
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