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plz plz solve it before 20 min plz On August 1, Metlock Finance Inc, buys 2,400 Datawave common shares for trading purposes for $91,200 cash.
plz plz solve it before 20 min plz
On August 1, Metlock Finance Inc, buys 2,400 Datawave common shares for trading purposes for $91,200 cash. On October 15, Metlock receives a cash dividend of $2.75 per share from Datawave. On December 1, Metlock sells the shares for $96,000 cash. Prepare the journal entry to record the purchase of the shares. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Aug. 1 (To record purchase of investment.) Prepare the journal entry to record the receipt of the dividend. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Oct. 15 (Collection of dividend.) Prepare the journal entry to record the sale of the shares. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Dec. 1 o e ere to search Prepare the journal entry to record the sale of the shares. (Credit account titles are automatically indented wher entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the ar Date Account Titles and Explanation Debit Credit Dec. 1Step by Step Solution
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