In 2016,Poe's Products completed the treasury stock transactions described below.
January 2: Reacquired 10 million shares at $16 per share.
February 15: Sold 3 million shares at $20 per share.
September 20: Sold 3 million treasury shares at $15 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.

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The Answer of In 2016,Poe's Products completed the treasury stock transactions described below.
January 2: Reacquired 10 million shares at $16 per share.
February 15: Sold 3 million shares at $20 per share.
September 20: Sold 3 million treasury shares at $15 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.

In 2016,Poe's Products Completed the Treasury Stock Transactions Described Below