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Question 1 Coronado Company had these transactions pertaining to stock investments: Feb. 1 Purchased 1920 shares of Teal Mountain Company (1096) for $48960 cash. June
Question 1 Coronado Company had these transactions pertaining to stock investments: Feb. 1 Purchased 1920 shares of Teal Mountain Company (1096) for $48960 cash. June 1 Received cash dividends of $3 per share on Teal Mountain stock. Oct. 1 Sold 1210 shares of Teal Mountain stock for $32670. The entry to record the receipt of the dividends on June 1 would include a O debit to Stock Investments for $5760. O credit to Dividend Revenue for $5760. debit to Dividend Revenue for $5760. Ocredit to Stock Investments for $5760
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