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Krogstad Corporation bought 1,000 shares of Cole Inc. common stock for $90 per share Three months later, the shares were sold for $110 per share.
Krogstad Corporation bought 1,000 shares of Cole Inc. common stock for $90 per share Three months later, the shares were sold for $110 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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