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1.Crystal Company had the following transactions pertaining to stock investments: Feb 1 Purchased 600 shares of Diamond common stock (2%) for $7,200 cash July 1

1.Crystal Company had the following transactions pertaining to stock investments:

Feb 1 Purchased 600 shares of Diamond common stock (2%) for $7,200 cash

July 1 Received cash dividends of $1 per share on Diamond Common Stock

Sept 1 Sold 300 shares of Diamond common stock for $4,300

Dec 1 Received Cash Dividends of $1 per share on Diamond common stock

Required: How would you properly journalize the transactions?

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