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Hulse Company had the following transactions pertaining to stock investments: Feb 1 Purchased 600 shares of Wade common stock for $6,600 cash plus brokerage fees
Hulse Company had the following transactions pertaining to stock investments: Feb 1 Purchased 600 shares of Wade common stock for $6,600 cash plus brokerage fees of $600. (Hint: what is the total cost of the shares and what is the PER SHARE cost?) July 1 Received cash dividends of $1 per share on the Wade common stock. Sep 1 Sold 200 shares of Wade common stock for $2,950 less brokers fees of
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