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Cullumber inc, had the following transactions pertaining to investments in common stock. Jan. 1 Purchased 4,500 shares of Escalante Corporation common stock (4%) for $273,600

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Cullumber inc, had the following transactions pertaining to investments in common stock. Jan. 1 Purchased 4,500 shares of Escalante Corporation common stock (4%) for $273,600 cash. July 1 Received a cash dividend of $2 per share. Dec. 1 Sold 900 shares of Escalante Corporation common stock for $57,600cash. Dec. 31 Received a cash dividend of $2 per share. Journalize the transactions, (List all debit entries before credit entries. Credit account titles are outomatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry" for the account tities and enter O for the amounts.) Date Account Titles and Explanation Debit Credit

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