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BUS 208-Principles of Accounting II Homework Assignment 4 Chapter 15 McDaniel Corporation manufactures surveying equipment. Journalize the entries to record the following selected equity

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BUS 208-Principles of Accounting II Homework Assignment 4 Chapter 15 McDaniel Corporation manufactures surveying equipment. Journalize the entries to record the following selected equity investment transactions completed by McDaniel during 2019: February 26 April 16 June 18 August 19 November 14 Purchased for cash 1,350 shares of Demon Inc. stock for $70 per share plus a $75 brokerage commission. Received dividends of $0.75 per share on Demon Inc. stock. Purchased 600 shares of Demon Inc. stock for $68 per share plus a $50 brokerage fee. Sold 1,500 shares of Demon Inc. stock for $72 per share less a $100 brokerage commission. McDaniel assumes that the first investments purchased are the first investments sold. Received dividends of $0.44 per share on Demon Inc. stock.

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