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On September 1, Leather Suppliers, Inc., purchases 100 shares of Western Wear Clothing for $11.80 per share. On November 1, Leather Suppliers sells the investment
On September 1, Leather Suppliers, Inc., purchases 100 shares of Western Wear Clothing for $11.80 per share. On November 1, Leather Suppliers sells the investment for $14.60 per share. Record the transactions made by Leather Suppliers for the purchase and sale of the investment in Western Wear Clothing. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of the investment. Note: Enter debits before credits. General Journal Debit Credit Date September 01 Record entry Clear entry View general journal Journal entry worksheet
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