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A corp purchased 100 shares of common stock for $50 on 1/1/20, six months later the corp sells the stock for $40 per share. There
A corp purchased 100 shares of common stock for $50 on 1/1/20, six months later the corp sells the stock for $40 per share. There was a broker fee of $400 on the sale. Journalize the entry for the sale.
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