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On January 1, 2019, Cole Corp. sold accounting services with a selling price of $15,000 on account. Sales tax applies to the services sold and

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On January 1, 2019, Cole Corp. sold accounting services with a selling price of $15,000 on account. Sales tax applies to the services sold and the state sales tax rate is 8%. Prepare Cole's journal entry for the sale. (4 points) On Jan 1, 2019 Alvarez buys 12,000 shares of stock for the market price of $25 per share. These shares are an Equity Investment. On April 1, 2019, the shares paid $0.75 dividend per share. Journalize Alvarez's purchase of the shares and the receipt of the dividend. (4 points) w Correa Company buys, ten-year bonds at face value in the amount of $1,000,000 on January 1, 2019. The bonds pay 12% interest on June 30 and December 31. Correa intends to hold the bonds to maturity. Record Correa Company's journal entry for the purchase of the bonds on January 1, 2019 and the receipt of the first 6 months of interest on June 30. (8 points)

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