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  3. in 2021, poe's products completed the treasury sto

In 2021, Poe's Products completed the treasury stock transactions described below. January 2: Reacquired 10...

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In 2021, 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 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).) Journal entry worksheet Reacquired 10 million shares at $16.80 per share. Note: Enter debits before credits

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