Question
Nosker Inc. had the following transactions pertaining to investments in common stock. Jan. 1 Purchased3,300shares of Escalante Corporation common stock (4%) for $200,640cash. July 1
Nosker Inc. had the following transactions pertaining to investments in common stock.
| Jan. | 1 | Purchased3,300shares of Escalante Corporation common stock (4%) for $200,640cash. |
| July | 1 | Received a cash dividend of $3per share. |
| Dec. | 1 | Sold660shares of Escalante Corporation common stock for $42,240cash. |
| Dec. | 31 | Received a cash dividend of $3per share. |
Journalize the transactions.(Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
| Date | Account Titles and Explanation | Debit | Credit |
| Jan. 1July 1Dec. 1Dec. 31 | |||
| Jan. 1July 1Dec. 1Dec. 31 | |||
| Jan. 1July 1Dec. 1Dec. 31 | |||
| Jan. 1July 1Dec. 1Dec. 31 | |||
|
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Introduction To Health Care Management
Authors: Sharon B. Buchbinder, Nancy H. Shanks
3rd Edition
128408101X, 9781284081015
