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Prepare Hertog Company's journal entries to reflect the following transactions for the current year. May 7 Purchases 340 shares of Kraft stock investment in trading

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Prepare Hertog Company's journal entries to reflect the following transactions for the current year. May 7 Purchases 340 shares of Kraft stock investment in trading securities at a cost of $64 per as a short share plus $440 in broker fees. June 6 Sells 340 shares of its investment in Kraft stock at $70 per share. The broker's commission on this sale is $220. view transaction list view general journal Journal Entry Worksheet O 2 Record the purchase of 340 snares of Kraft stock as a short-term investment in trading securities at a cost of $64 per share plus $440 in broker fees. Date General 3ournal Debit Credit May 07 Enter debits before credits

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