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i need explanation acct 202 ABC Company has the following transactions during the year of 2020 : June 4 ABC Company acquired stock shares of

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ABC Company has the following transactions during the year of 2020 : June 4 ABC Company acquired stock shares of several corporations as marketable securities. Total cost of the investment was $154,000. ABC paid the whole amount in cash. October 8ABC Company sold some of the securities purchased on June 4. ABC received $76,500 cash for the sale of the securities. The cost of the securities sold was $74,200. December 8 ABC Company sold some of the securities purchased on June 4. ABC received $36,500 cash for the sale of the securities. The cost of the securities sold was $37,200. In recording the transaction on December 8 in general journal of ABC Company: Select one: a.Marketable Securities should be credited for $37,200 b. Marketable Securities should be debited for $36,500 c.Marketable Securities should be debited for $37,200 d.Markotable Securities should be credited for $36.500

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