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Exercise 16-6 On February 1 R nehar Company purchased 320 shares 2% ownership of G vens Corn any common s ock r $32 per share.
Exercise 16-6 On February 1 R nehar Company purchased 320 shares 2% ownership of G vens Corn any common s ock r $32 per share. On March 20 R nehart Company sold 64 shares of Givens s ock for $1,956. Ritehart rece ved a dividend of $1 per share on April 25 Or June 15 Rinehart sold 129 shares of Givens stock for $4,864. On July 28, Rinehart receiveddividend of $2.25 per share. Prepare the journal entries to record the transactions described above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter O for the amounts. Round answers to 0 decimal places, e.g5,25. Record Journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 0240 Fob. 1 stock Cash 102401 Mar. 20 Cash 1856 Loss on Sale of Stock Investments Stock Investments Apt. 25 . Cash Dividend Revenue 256 June 15 , on Sale of Stock Investments uly 28 Dividend RavenU Click if you would like to Show Work for this question: Ren Show work
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