(Learning Objective 1: Journalizing transactions for trading securities) Journalize the following trading securities investment transactions of Johnson...
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(Learning Objective 1: Journalizing transactions for trading securities) Journalize the following trading securities investment transactions of Johnson Brothers Department Stores:
a. Purchased 460 Jefferson Foods shares at €30 per share, with the intent of holding the shares for the indefi nite future.
b. Received cash dividend of €1.20 per share on the Jefferson investment.
c. At year-end, adjusted the investment account to fair market value of €39 per share.
d. Sold the Jefferson shares for the market price of €21 per share.
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Related Book For
Financial Accounting International Financial Reporting Standards
ISBN: 9780273777809
1st Global Edition
Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy
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