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I only need help with Sept 10 Loss of sale of investment, investments delew company stock and all of Dec 31. The following equity investment
I only need help with Sept 10 Loss of sale of investment, investments delew company stock and all of Dec 31.
The following equity investment transactions were completed by Vintage Company during a recent year: Apr.JulySept.Dec.1081031Purchased3,800sharesofDelewCompanyscommonstockforapriceof$49pershareplusabrokeragecommissionof$120.DelewCompanyhas240,000sharesofcommonstockoutstanding.Receivedaquarterlydividendof$0.90pershareontheDelewCompanyinvestment.Sold1,200sharesforapriceof$41persharelessabrokeragecommissionof$90.Attheendoftheaccountingperiod,thefairvalueoftheremaining2,600sharesofDelewCompanysstockwas$48.53pershare. Required: Journalize the entries for these transactions. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW joumals will automatically indent a credit entry when a credit amount is entered. Round your intermediate calculations to two decimal places. When required, round final answers to the nearest dollarStep by Step Solution
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