Question
15-3.2 The following equity investment transactions were completed by Romero Company during a recent year: Apr.10Purchased 4,000 shares of Dixon Company for a price of
15-3.2 The following equity investment transactions were completed by Romero Company during a recent year:
Apr.10Purchased 4,000 shares of Dixon Company for a price of $52 per share plus a brokerage commission of $105.July8Received a quarterly dividend of $0.50 per share on the Dixon Company investment.Sept.10Sold 1,200 shares for a price of $42 per share less a brokerage commission of $90.
JOURNAL
ACCOUNTING EQUATION
DATEDESCRIPTIONPOST. REF.DEBITCREDITASSETSLIABILITIESEQUITY1
The entries for the transactions. Refer to the Chart of Accounts for exact wording of account titles. When required, round your answers to the nearest dollar.
PAGE 10
JOURNAL
ACCOUNTING EQUATION
DATE
DESCRIPTION
POST. REF.
DEBIT
CREDIT
ASSETS
LIABILITIES
EQUITY
1
2
3
4
5
6
7
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