In 2016, Poe's Products completed the treasury stock transactions described below. January 2: Reacquired 10 million shares at $16.50 per share. February 15: Sold 3 million shares at $20.25 per share. September 20: Sold 3 million 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50).)

In 2016, Poe's Products completed the treasury stock transactions described below. January 2: Reacquired 10 million shares at $16.50 per share. February 15: Sold 3 million shares at $20.25 per share. September 20: Sold 3 million 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50).) View transaction list Journal entry worksheet Reacquired 10 million shares at $16.50 per share. Note: Enter debits before credits. Date General Journal Debit Credit January 02, 2016 Record entry Clear entry View general jourmal