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334 pts DQuestion 23 On September 1, 3,000 shares of Monroe Company are acquired at a price of $24 per shares plus a $80 brokerage

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334 pts DQuestion 23 On September 1, 3,000 shares of Monroe Company are acquired at a price of $24 per shares plus a $80 brokerage fee. This was less than 20% ownership in the stock of Monroe Company. On October 14, a $0.60 dividend was received on the Monroe Company Stock On September 1, when recording the journal entry for this transaction, what account would be credited and for what amount for the acquisition of the 3,000 shares of Monroe Stock? DATE DESCRIPTION PREF DEBIT CREDIT Sept. 1 0 Cash-$72.000 O Cash- $72.080 O Investments-Monroe Company Stock- $72.000 Investments-Monroe Company Stock-$72.080 0 12:57 PM 2/18/2018 DOLL

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