Question
Geocentric Company purchased 1000 shares of Robust Company at $50 per share and incurred a brokerage fee of $100 on September 1, 2019. A What
Geocentric Company purchased 1000 shares of Robust Company at $50 per share and incurred a brokerage fee of $100 on September 1, 2019. A What entry would Geocentric make to record this purchase? B What entry would Geocentric make if it received a $ 2 dollar dividend per share from Robust Company on October 1, 2019? C What entry would Geocentric make if it sold 500 shares of Robust Company for $60 dollars per share on November 1, 2019 and incurred a brokerage fee of $50? D What entry would Geocentric make at the fiscal year end at December 31, 2019 when the market value of the Robust shares was $75 per share?
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