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Jan. 15:Purchased 300 shares of Bassett common stock at $48 per share, plus $510 in commissions.May 23:Received dividends of $1.7 per share on the Bassett
Jan. 15:Purchased 300 shares of Bassett common stock at $48 per share, plus $510 in commissions.May 23:Received dividends of $1.7 per share on the Bassett stock.June 1:Purchased 50 shares of Boxer stock at $72 per share, plus $310 in commissions.Oct 20:Sold all of the Bassett stock at $46 per share, less commissions of $390.Dec. 15:Received notification from Boxer that a $2.2-per-share dividend had been declared. The checks will be mailed to stockholders on January 10, 2017.
- Prepare journal entry on the books of Atlas Superstores during 2016 to record the transaction on January 15. Indicate the effect on financial statement items by selecting "-" for decrease (or negative effect), "+" for increase (or positive effect) and "NE" for No Entry (or no effect) on the financial statement.
- Prepare journal entry on the books of Atlas Superstores during 2016 to record the transaction on May 23. Indicate the effect on financial statement items by selecting "-" for decrease (or negative effect), "+" for increase (or positive effect) and "NE" for No Entry (or no effect) on the financial statement.
- Prepare journal entry on the books of Atlas Superstores during 2016 to record the transaction on June 1. Indicate the effect on financial statement items by selecting "-" for decrease (or negative effect), "+" for increase (or positive effect) and "NE" for No Entry (or no effect) on the financial statement.
- Prepare journal entry on the books of Atlas Superstores during 2016 to record the transaction on October 20. Indicate the effect on financial statement items by selecting "-" for decrease (or negative effect), "+" for increase (or positive effect) and "NE" for No Entry (or no effect) on the financial statement.
- epare journal entry on the books of Atlas Superstores during 2016 to record the transaction on December 15. Indicate the effect on financial statement items by selecting "-" for decrease (or negative effect), "+" for increase (or positive effect) and "NE" for No Entry (or no effect) on the financial statement.
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