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On August 1 , Bramble Company buys 5 0 0 0 shares of ABD common stock for $ 1 8 1 2 5 0 cash.
On August Bramble Company buys shares of ABD common stock for $ cash. On December the stock investments are sold for $ in cash. Which of the following are the correct journal entries to record for the purchase and sale of the common stock?
Aug. Cash
Stock Investments
Dec. Stock Investments
Cash
Gain on Sale of Stock Investments
Aug. Stock Investments
Cash
Dec.
Cash
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