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April 16Purchased 5,500 shares of Arnold Company stock at $27 per share.July 7Purchased 4,000 shares of Haven Company stock at $52 per share.July 20Purchased 1,800
April 16Purchased 5,500 shares of Arnold Company stock at $27 per share.July 7Purchased 4,000 shares of Haven Company stock at $52 per share.July 20Purchased 1,800 shares of Kohler Company stock at $19 per share.August 15Received an $1.30 per share cash dividend on the Arnold Company stock.August 28Sold 3,300 shares of Arnold Company stock at $30 per share.October 1Received a $3.90 per share cash dividend on the Haven Company shares.December 15Received a $1.60 per share cash dividend on the remaining Arnold Company shares.December 31Received a $3.30 per share cash dividend on the Haven Company shares.
April 16 Purchased 5,500 shares of Arnold Company stock at $27 per share. July 7 Purchased 4,000 shares of Baven Company stock at $52 per share. July 20 purchased 1,800 shares of Kohler Company stock at \$19 per share. August 15 Received an $1.30 per share cash dividend on the Arnold Company stock. August 28 Sold 3,300 shares of Arnold Company stock at $30 per share. October 1 Received a $3.90 per share cash dividend on the Haven Company shares. December 15 Received a $1.60 per share cash dividend on the remaining Arnold Company shares. December 31 Received a $3.30 per share cash dividend on the Haven Company shares. Prepare journal entries to record each of the transactions and events. Prepare the year-end adjustment to Step by Step Solution
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