Question
Blossom Inc. had the following transactions pertaining to investments in common stock. Jan 1 purchased 1,500 shares of Escalante Corporation common stock (7%) for $91,200
Blossom Inc. had the following transactions pertaining to investments in common stock.
Jan 1 purchased 1,500 shares of Escalante Corporation common stock (7%) for $91,200 cash.
July 1 received a cash dividend of $3 per share.
Dec 1 sold 300 shares of Escalante Corporation common stock for $19,200 cash.
Dec 31 received a cash dividend of $3 per share. Journalize the transactions.
Date| Account Titles and Explanation| Debit | Credit
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Introduction To Health Care Management
Authors: Sharon B. Buchbinder, Nancy H. Shanks
3rd Edition
128408101X, 9781284081015
