Krogstad Corporation bought 1,000 shares of Cole Inc. for $90 per share plus a brokerage fee of . $1,800. Three months later, the shares were sold for $110 per share. The brokerage fee on the sale was $2,200.

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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Accounts	Debit	Credit