Question
Entries for investment in stock, receipt of dividends, and sale of shares The following equity investment transactions were completed by Romero Company during a recent
Entries for investment in stock, receipt of dividends, and sale of shares
The following equity investment transactions were completed by Romero Company during a recent year:
Apr. | 10 | Purchased 4,900 shares of Dixon Company for a price of $53 per share plus a brokerage commission of $85. |
July | 8 | Received a quarterly dividend of $0.80 per share on the Dixon Company investment. |
Sept. | 10 | Sold 1,300 shares for a price of $40 per share less a brokerage commission of $85. |
Journalize the entries for these transactions. Refer to the Chart of Accounts for exact wording of account titles. When required, round your answers to the nearest dollar.
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Journalize the entries for the transactions. Refer to the Chart of Accounts for exact wording of account titles. When required, round your answers to the nearest dollar.
JOURNAL ACCOUNTING EQUATION
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