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Prepare teh journal entries for the following transactions for Morgan Co. a. Morgan Co. puchased 32,000 sahres of the total of 100,000 outstainding shares Corp.

Prepare teh journal entries for the following transactions for Morgan Co.

a. Morgan Co. puchased 32,000 sahres of the total of 100,000 outstainding shares Corp. stock for $10 per share plus a $400 commission.

b. Gordon Corp.'s total earnings for the period are $80,000.

c. Gordon Corp. paid a total of $45,000 in cash dividends.

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