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I need Journal entries for May 1st and Aug 1st . Each student is to (a) complete one journal entry for one April, May, or
I need Journal entries for May 1st and Aug 1st
. Each student is to (a) complete one journal entry for one April, May, or July transaction, and (b) complete one journal entry for one August, October, or December transaction. (Each student will complete a total of two journal entries.) Each journal entry should be complete, in good form, and include a brief description of the transaction. For full credit be sure to show how you calculated the amounts in each of your journal entries. A 1 Purchased 4,000 shares of Gem Co. stock at $24.25 per share plus a $180 brokerage fee. pr. 6 Paid $100,000 to buy 3-month U.S. Treasury bills (debt securities): $100,000 principal amount, 6% interest, securities mature on July 31. 1 ay Ju 7 Purchased 2,000 shares of PepsiCo stock at $49.25 per share plus a $175 brokerage fee. ly 2 Purchased 1,000 shares of Xerox stock at $16.75 per share plus a $205 brokerage fee A 1 Received a check for principal and accrued interest on the U.S. Treasury bills that matured on July ug 31. 1 Received an $0.85 per share cash dividend on the Gem Co. stock. 2 Sold 2,000 shares of Gem Co. stock at $30 per share less a $225 brokerage fee. Received a $1.90 per share cash dividend on the PepsiCo shares. O ct. 1 Received a $1.05 per share cash dividend on the remaining Gem Co. shares. D 1 ec 5 3 Received a $1.30 per share cash dividend on the PepsiCo sharesStep by Step Solution
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