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On September 1, 1,550 shares of Jonny Top are acquired at a price of $24 per share plus a $40 brokerage commission. On October 14,
On September 1, 1,550 shares of Jonny Top are acquired at a price of $24 per share plus a $40 brokerage commission. On October 14, a $0.60 per share dividend was received on the Jonny Top stock. On November 11, 775 shares of Jonny Top stock were sold for $20 per share less a $45 brokerage commission. Prepare the journal entries for the original purchase, dividend, and sale. EE Notes E
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Equity Asset Valuation
Authors: Jerald E Pinto, CFA Institute
3rd Edition
1119850517, 978-1119850519
