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Prepare the journal entries required for the following transactions associated with the investment in Charleston Carriers: a. Purchase of 10% of stock for $10,000 on

Prepare the journal entries required for the following transactions associated with the investment in Charleston Carriers:

a. Purchase of 10% of stock for $10,000 on Feb. 1, 2020.

b. Receipt of $3,000 of dividends on Sep. 20, 2020.

c.Sale half of stock for $5,500 on November 28, 2020

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