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ABC Company purchases 5,000 shares (10 percent) of XYZ Company for $4 per share on 3-1- 18. XYZ pays a 50 cent per share dividend
ABC Company purchases 5,000 shares (10 percent) of XYZ Company for $4 per share on 3-1- 18. XYZ pays a 50 cent per share dividend on 7-2-18. ABC Company sells 2,500 shares of XYZ for $5 per share on 2-10-19. What are the journal entries for ABC Company on 3-1-18,7-2- 2) 18, and 2-10-19
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