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In 2018, Poe's Products Completed the Treasury Stock Transactions Described

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In 2018, Poe's Products completed the treasury stock transactions described below. In 2018, Poe's Products completed the treasury stock transactions described below. 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. 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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