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On January 1 6 , Toriz Inc. purchased 9 , 3 0 0 shares of Xiang Corporation common stock at $ 1 8 per share
On January Toriz Inc. purchased shares of Xiang Corporation common stock at $ per share plus a $ brokerage commission. On July Xiang paid a $ cash dividend per share. On October shares of Xiang stock were sold for $ per share less a $ brokerage commission. The journal entry for the sale would include a:
debit to Loss on Sale of Investments $
debit to Cash for $
credit to Investments Xiang Corp. Stock $
credit to Gain on Sale of Investments $
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