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Pharoah Inc. had the following transactions pertaining to investments in common stock. Jan. 1 Purchased 5,000 shares of Escalante Corporation common stock (7%) for $304,000
Pharoah Inc. had the following transactions pertaining to investments in common stock. Jan. 1 Purchased 5,000 shares of Escalante Corporation common stock (7%) for $304,000 cash. July 1 Received a cash dividend of $5 per share. Dec. 1 Sold 1,000 shares of Escalante Corporation common stock for $64,000 cash. Dec. 31 Received a cash dividend of $5 per share. Journalize the transactions (credit account titles are automatically indented when amount is entered Donot indent
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