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AACSB Assessment Test -Beginning of Semester Help Save & Exlt Sube On February 15, Jewel Company classified as avallable-for-sale securities. This is the company's first

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AACSB Assessment Test -Beginning of Semester Help Save & Exlt Sube On February 15, Jewel Company classified as avallable-for-sale securities. This is the company's first and only invest declares a dividend of $16 per share payable to stockholders of record on April 15. Jewel Company received the d sells half of the Marcelo Corp. stock on November 17 of the current year for $29.31 per share less a the dividend on April 15 is 1 buys 7100 shares of Marcelo Corp. common stock at $28.54 per share plus a brokerage fee of $400. The stock is ment in available-for-sale securities. On March 15, Marcelo Corp ividend on April 15 and ultimately brokerage fee of $250. The journal entry to record Multiple Choice Debt Cash $7,51t, credit Dividend Revenue $7,511 Debit Cash $8,236; credit Gain on Sale of Investments $8,236. s8.236; crecit Dvidend Revenue $8.236. Debit Cash $8,236; credit Dividend Revenue $8,236 Debit Cash $8,236; credit Interest Revenue $8,236. Prey 1 of 20E Next

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