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Palmillas Company buys 600 shares of Ezparza Inc.'s common stock for $63 per share plus brokerage commission of $325. The journal entry for the
Palmillas Company buys 600 shares of Ezparza Inc.'s common stock for $63 per share plus brokerage commission of $325. The journal entry for the purchase is: 37,800 O a. Cash Investments Ezparza Stock- ob, Investments-Ezparza Inc. Stock 37,800 Cash Oc. Investments-Ezparza Inc. S tock 37,125 Brokerage Commission Expense Cash 37,800 37,800 325 38,125 O d. Investments-Ezparza Inc. Stock 38,125 Cash 38,125
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Core Concepts of Government and Not For Profit Accounting
Authors: Michael H. Granof, Penelope S. Wardlow
2nd edition
471737925, 978-0-470-4605, 978-0471737926
