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28- (Sale). Transactions NOV 10 * 3 points On February 12, 2019, Addison, Inc. purchased 6,000 shares of Lucas Company at $22 per share plus

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28- (Sale). Transactions NOV 10 * 3 points On February 12, 2019, Addison, Inc. purchased 6,000 shares of Lucas Company at $22 per share plus a $240 brokerage fee. On August 22, Lucas paid a $0.42 dividend per share. On November 10,4,000 shares of Lucas stock were sold for $28 per share less a $160 brokerage fee. Debit Investment \$88,160; Debit Loss on Sale of Investment $23,680; Credit Cash $ 111,840 Debit Cash 112,000; Credit Gain on Sale of Investment \$ 23,840 ; Credit Investment \$ 88,160 Debit Cash 111,840; Credit Gain on Sale of Investment \$ 23,680; Credit Investment \$ 88,160 28- (Sale). Transactions NOV 10 * 3 points On February 12, 2019, Addison, Inc. purchased 6,000 shares of Lucas Company at $22 per share plus a $240 brokerage fee. On August 22, Lucas paid a $0.42 dividend per share. On November 10,4,000 shares of Lucas stock were sold for $28 per share less a $160 brokerage fee. Debit Investment \$88,160; Debit Loss on Sale of Investment $23,680; Credit Cash $ 111,840 Debit Cash 112,000; Credit Gain on Sale of Investment \$ 23,840 ; Credit Investment \$ 88,160 Debit Cash 111,840; Credit Gain on Sale of Investment \$ 23,680; Credit Investment \$ 88,160

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