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1. Record, in journal entry form, the following transactions, assuming the company plans on holding the investments for trading purposes: - April 16 - Purchased
1. Record, in journal entry form, the following transactions, assuming the company plans on holding the investments for trading purposes: - April 16 - Purchased 300 shares of Ameco for $25 per share. - May 2 - Purchased 1,000 shares of Rattle Inc. for $12.50 per share. - June 19 - Sold 100 Ameco shares for $32.75 per share. - October 7 - Purchased 550 shares of BMC for $27.80 per share. - November 30 - Received a dividend of $0.25 per share from Rattle. - December 12 - Sold half the shares in BMC for $21.00 per share. 2. Record any required journal entries on December 31, the company's ar-end
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