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Need help getting through this journal entries/the last question Dossett Company had the following transactions pertaining to stock investments. Feb. 1 Purchased600 shares of Goetz
Need help getting through this journal entries/the last question
Dossett Company had the following transactions pertaining to stock investments. Feb. 1 Purchased600 shares of Goetz common stock (2%) for $6,000 cash, plus brokerage fees of $200. July 1 Received cash dividends of $1 per share on Goetz common stock. Sept. 1 Sold 300 shares of Goetz common stock for $4,400, less brokerage fees of $100. Dec. 1 Received cash dividends of $1 per share on Goetz common stock. Instructions Journalize the transactions. (For multiple debit/credit entries, list amounts from largest to smallest e. g. 10, 5, 3, 2. ) Dividend revenue and the gain on sale of stock investments are reported under in the income statementStep by Step Solution
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