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Complete the following journal entries for the information listed directly belowGrantham Corporation purchases 10% (300 shares) at $20 per share of stock in Douglas Corporation

Complete the following journal entries for the information listed directly below…Grantham Corporation purchases 10% (300 shares) at $20 per share of stock in Douglas Corporation on January 1, 2015. Dividends are issued at $5 per share annually. Please record the journal entries for the purchase of the stock and the receipt of the dividends.

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