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Entries for investment in Stock, Receipt of Dividends, and Sale of Shares On February 22, Stewart Corporation acquired 8,300 shares of the 290,000 outstanding shares

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Entries for investment in Stock, Receipt of Dividends, and Sale of Shares On February 22, Stewart Corporation acquired 8,300 shares of the 290,000 outstanding shares of Edwards Co. common stock at $29.80 plus commission charges of $1,660. On June 1 , a cash dividend of $0.70 per share was received. On November 12,2,700 shares were sold at $36 less commission charges of $324. In your computations, round per share amounts to two decimal places. When required, round final answers to the nearest dollar. a. Using the cost method, journalize the entry for the purchase of stock. Feb, 22 Feodback Check My Work b. Using the cost method, journalize the entry for the receipt of dividends. June 1 Foedback Check My Work c. Using the cost method, journalize the entry for the sale of 2,700 shares. For a compound transaction if an amount box does not require an entry, leave it blank

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