Question
AT Corp bought 4,000 shares in Apple Ltd for $0.90 per share on June 12, 2024. On Dec 25, 2024, Apple Ltd paid a cash
AT Corp bought 4,000 shares in Apple Ltd for $0.90 per share on June 12, 2024. On Dec 25, 2024, Apple Ltd paid a cash dividend of $0.05 per share. On Dec 31, 2024, the shares were worth $1.05 per share. On Feb 3, 2025, AT Corp sold 800 of the Apple shares for $0.85 each.
REQUIRED:
a) Prepare the necessary journal entries on each of the above dates.
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Frank Hodge
11th Edition
1264229739, 9781264229734
