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1. On August 1, Paul Company purchased 1,000 of Merlynn's ordinary shares for $ 35,700. On December 1, Paul sold his stock investment for $

1. On August 1, Paul Company purchased 1,000 of Merlynn's ordinary shares for $ 35,700. On December 1, Paul sold his stock investment for $ 40,000 in cash. Keep a purchase journal and sale of common stock.

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