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Exercise 16-4 Huise Company had the following transactions pertaining to stock investments Feb. 1 Purchased 460 shares of Wade common stock (2) for $5,520 cash
Exercise 16-4 Huise Company had the following transactions pertaining to stock investments Feb. 1 Purchased 460 shares of Wade common stock (2) for $5,520 cash Duy 1 Received cash dividends of $1 per share on Wade common stock Sept.1 Sold 230 shares of Wade common stock for $3,220. Dec. 1 Received cash dividends of $1 per share on Wade common stock Journalize the transactions. (Round answers to decimal places, . 5,275. Credit account titles are automatically indented when amount is entered. Do not indent maswaty Record journal entries in the order presented in the problem. I no entry is required, select "No entry for the account titles and enter for the amounts) Date Account Tities and Explanation Debit Credit 2009202win A vel An of Sonic URCES PRINTER VERSION BACK N SHOW LIST OF ACCOUNTS LINK TO TEXT Study Explain how dividend revenue and the gain (loss) on sale should be reported in the income statement Dividend revenue and the gain on sale of stock investments are reported under SHOW LIST OF ACCOUNTS Question Attempts of used
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