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any had the following selected transactions in stock investments holdings less than 20% July 1 Purchased for cash 900 shares of Pippen Corporation common stock

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any had the following selected transactions in stock investments holdings less than 20% July 1 Purchased for cash 900 shares of Pippen Corporation common stock at $33 per share. September 1 Received a $1 per share cash dividend from Pippon Corporation INSTRUCTIONS: Assume the July 1 transaction was recorded. Prepare the journal entry for the September 1 transaction isted above Account names used must be appropriate and spelled correctly. A word bank is provided below. Amounts should be keyed accordingly(ex. 12,000). Word Bank: Cash Debt Investments Dividend Revenue Fair Value Adjustment-AFS Fair Value Adjustment-Stock Fair Value Adjustment Trading Gain on Sale of Debt Investments Interest Receivable Interest Revenue Loss on Sale of Debt Investments Revenue from Stock Investments Stock Investments Unrealized Gain or Loss Equity Unrealized Gain or Loss-Income Debit Credit Date Account Titles and Explanation

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