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Krogstad Corporation bought 1 , 0 0 0 shares of Cole Incorporated common stock for $ 8 9 per share Three months later, the shares

Krogstad Corporation bought 1,000 shares of Cole Incorporated common stock for $89 per share Three months later, the shares were sold for $114 per share.
Required:
1. Prepare the appropriate journal entry to record the purchase of the stock.
2. Prepare the appropriate journal entry to record the sale of the stock.

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