Question
Prepare general journal entries for the following transactions involving short-term investments in securities available for sale (assume no investments were held prior to the following
Prepare general journal entries for the following transactions involving short-term investments in securities available for sale (assume no investments were held prior to the following transactions):
Feb. 16 Purchased 800 shares of $10 par common stock of GN Corp. @ $30 per share.
Feb. 26 Purchased 500 shares of $5 par common stock of Honeyville Corp. @ $20 per share.
Mar. 2 Received $3 per share dividends on GN stock.
Mar. 28 Sold 200 shares of GN Corp. @ $33 per share.
Apr. 20 Sold 150 shares of Honeyville Corp. at $19 per share.
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Human Resource Management
Authors: Robert L. Mathis, John H. Jackson
13th Edition
053845315X, 978-0538453158
