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In 2018, Poe's Products completed the treasury stock transactions described below. January 2: Reacquired 10 million shares at $16.80 per share. February 15: Sold 3
In 2018, Poe's Products completed the treasury stock transactions described below.
January | 2: | Reacquired 10 million shares at $16.80 per share. | ||
February | 15: | Sold 3 million treasury shares at $20.40 per share. | ||
September | 20: | Sold 3 million treasury shares at $15.40 per share. |
Poe had issued 50 million shares of its $1 par common stock for $18 several years ago. Required: Record the above transactions. (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).)
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