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Q5) (5 MARKS) A FIRM PURCHASED INVESTED IN) COMMON SHARES OF XYZ CO. WITH FOLLOWING DETAILS NO OF COMMON SHARES BOUGHT 2500 BUYNIG PRICE $25

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Q5) (5 MARKS) A FIRM PURCHASED INVESTED IN) COMMON SHARES OF XYZ CO. WITH FOLLOWING DETAILS NO OF COMMON SHARES BOUGHT 2500 BUYNIG PRICE $25 BROKERAGE CHARGES FOR ALL THE SHARES $250 JOURNALIZE THE FOLLOWING TRANSACTIONS JOURNALIZE PURCHASE OF INVESTMENT STOCKS B CALCULATE COST PER SHARE EARNED S 4 PER SHARE AS DIVIDEND INCOME (JOURNALIZE ENTRY) THE FIRM SOLD SHARES TO ABC CO. WITH THE FOLLOWING DETAILS D NO OF SHARES SOLD TO ABC CO. 1800 BROKERAGE CHARGES FOR ALL THE SHARES $450 SELLING PRICE $27

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