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Problem 3 Paul Co. made the following transactions in trading securities. Dec. 1 Purchased 3,000 shares of Disney Co. common stock for $306,000. mmo Dec.

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Problem 3 Paul Co. made the following transactions in trading securities. Dec. 1 Purchased 3,000 shares of Disney Co. common stock for $306,000. mmo Dec. 15 Received cash dividends of $10,500 from the Disney Co. Dec. 31 Recorded the necessary adjusting entry. The market price of Disney Co. stock was $105.00 per share

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