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Journalize the following long-term non-strategic investment transactions of Solomon Brothers Department Stores assuming the company reports changes in fair value through net income: a. Purchased

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Journalize the following long-term non-strategic investment transactions of Solomon Brothers Department Stores assuming the company reports changes in fair value through net income: a. Purchased 430 shares of Howell Bank of Canada at $43 per share with the intent of holding the shares in the near future b. Received cash dividend of 30.60 per share on the Howoll Bank of Canada investment c. At year-end, adjusted the investment account to current fair value, $39 per share d. Sold the shares for the market price of $23 per share a. Joumalize the following long-term non-strategic investment transactions of Solomon Brothers Department Stores assuming the company reports changes in fair value through net income: Purchased 430 shares of Howell Bank of Canada at 543 per share, with the intent of holding the shares in the near future. (Record debits first, then credits Explanations are not required.) Debit Credit Accounts

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