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On March 10, 2015, Dearden, Inc., purchased 11,000 shares of Jaffa stock for $41 per share. Management recorded it in the trading securities portfolio. The
On March 10, 2015, Dearden, Inc., purchased 11,000 shares of Jaffa stock for $41 per share. Management recorded it in the trading securities portfolio. The following information pertains to the price per share of Jaffa stock: 12/31/2015 12/31/2016 12/31/2017 Price $39 42 38 Dearden sold all of the Jaffa stock on September 12, 2018, at a price of $36 per share. Prepare any journal entries that are required by the facts presented in the case. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the appropriate journal entry on March 10, 2015. Note: Enter debits before credits Date General Journal Debit Credit March 10, 2015 Record entry Clear entry View general journal
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