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PLEASE ANSWER ASAP THANK YOU Swifty Company had these transactions pertaining to stock investments: Feb. 1 Purchased 1820 shares of Teal Mountain Company (10%) for
PLEASE ANSWER ASAP THANK YOU
Swifty Company had these transactions pertaining to stock investments: Feb. 1 Purchased 1820 shares of Teal Mountain Company (10%) for $46410 cash. June 1 Received cash dividends of $2 per share on Teal Mountain stock. Oct. 1 Sold 1240 shares of Teal Mountain stock for $33480. The entry to record the receipt of the dividends on June 1 would include a O credit to Dividend Revenue for $3640. O debit to Dividend Revenue for $3640. O credit to Stock Investments for $3640. O debit to Stock Investments for $3640 Step by Step Solution
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