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530 shares Wane Corporation common stock for $10,600. 848 shares Strauss Corporation common stock for $24,168 Assume that Marin Company cannot exercise significant influence over
530 shares Wane Corporation common stock for $10,600. 848 shares Strauss Corporation common stock for $24,168 Assume that Marin Company cannot exercise significant influence over the activities of the investee companies and that the cost method is used to account for the investments. On June 30, 2020, Marin Company received the following cash dividends: On November 15, 2020, Marin Company sold 180 shares of Strauss Corporation common stock for $8,100. On December 31,2020 , the fair value of the securities held by Marin Company is as follows: On November 15, 2020, Marin Company sold 180 shares of Strauss Corporation common stock for $8,100. On December 31, 2020, the fair value of the securities held by Marin Company is as follows: Prepare the appropriate journal entries that Marin Company should make during 2020 to account for the company's stock portfolio. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) presented in the problem. List all debit entries before credit entries.)
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