Journalize the following investment transactions of Russell Corp.: 2020 Nov. 6 Purchased 1,200 common shares of Aveda
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Journalize the following investment transactions of Russell Corp.:
2020
Nov. 6 Purchased 1,200 common shares of Aveda Corporation at $78.00 per share, with brokerage commission of $500. The shares will be sold early in 2021.
30 Received a cash dividend of $3.85 per share on the Aveda Corporation investment.
Dec. 31 The share price for Aveda Corporation’s common shares was $76.25 on December 31, 2020, which is Russell Corp.’s year-end.
2021
Jun. 14 Sold the Aveda Corporation shares for $79.50 per share. Brokerage commissions were $400.
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Related Book For
Horngrens Accounting
ISBN: 9780135359785
11th Canadian Edition Volume 2
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann Johnston, Peter R. Norwood
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