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Question 23 of 28 View Policies Current Attempt in Progress < Sunland Park Company had these transactions pertaining to stock investments Feb. 11 June
Question 23 of 28 View Policies Current Attempt in Progress < Sunland Park Company had these transactions pertaining to stock investments Feb. 11 June 1 Purchased 6900 shares of Carla Vista Company (10%) for $124200 cash Received cash dividends of $1 per share on Carla Vista stock. Oct. 1 Sold 3900 shares of Carla Vista stock for 78000. Dec. 1 Received cash dividends of $2 per share on Carla Vista stock The entry to record the purchase of the Carla Vista stock would include a O credit to Cash for $125580. O debit to Investment Expense for $1380. O debit to the Stock Investments account for $124200. O credit to the Stock Investments account for $124200. -13 E Attempts: 0 of 1 used Submit Answer
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