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On February 1 5 , Jewel Company buys 8 , 6 0 0 shares of Marcelo Corp. common stock at $ 2 9 . 3

On February 15, Jewel Company buys 8,600 shares of Marcelo Corp.
common stock at $29.33 per share. The stock is classified as a
stock investment with insignificant influence. This is the
companys first and only stock investment. On March 15, Marcelo
Corp. declares a dividend of $1.55 per share payable to
stockholders of record on April 15. Jewel Company received the
dividend on April 15 and ultimately sells half of the Marcelo Corp.
stock on November 17 of the current year for $30.10 per share. The
journal entry to record the sale of the 4,300 shares of stock on
November 17 is:

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