Plumbline Tech Corp. manufactures surveying equipment. Journalize the entries to record the following selected equity investment transactions
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Feb. 2. Purchased for cash 900 shares of Devon Inc. stock for $54 per share plus a $450 brokerage commission
Apr. 16. Received dividends of $0.25 per share on Devon Inc. stock
June 17. Purchased 600 shares of Devon Inc. stock for $65 per share plus a $300 brokerage commission
Aug. 19. Sold 1,000 shares of Devon Inc. stock for $70 per share less a $500 brokerage commission. Plumb line assumes that the first investments purchased are the first investments sold
Nov. 14. Received dividends of $0.30 per share on Devon Inc. stocks
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Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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