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hello an accountant please help me with this hw, I have solved the whole thing, I am having problem, getting Dec 1st Gain of Sale
hello an accountant please help me with this hw, I have solved the whole thing, I am having problem, getting Dec 1st Gain of Sale of Stock Investment and Stock Investment, I cant figure out the number, please help me thank you.
Exercise 12-5 Your answer is partially correct. Try again. Nosker Inc. had the following transactions pertaining to investments in common stock. Jan. Purchased 3,300 shares of Escalante Corporation common stock (5%) for $184,800 cash. July 1 Received a cash dividend of $4 per share. Dec 1 Sold 660 shares of Escalante Corporation common stock for $42,240 cash. . Dec 3 Received a cash dividend of $4 per share. . 1 1 Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation 184,800 Cash 13,200 Dividend Revenu Cash Gain on Sale of S Stock Investment Credi t 184,800 Stock Investment Cash Debit 13,200 42,240 Cash Dividend Revenu 10,560 10,560Step by Step Solution
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