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QUESTION 4 Ostos Completion State In its fast year of operations, Jordan Company had the following selected Bransactions in stock less than 20% June 1
QUESTION 4 Ostos Completion State In its fast year of operations, Jordan Company had the following selected Bransactions in stock less than 20% June 1 November 1 December Purchased for cash 700 shares of Grant common stock at 24 per share Sold 300 shares of Grant common stock for cash at 327 per share Received a $1.50 per share cash dividend en Grant common stock INSTRUCTIONS: Assume the June 1 and November transactions have been recorded. Prepare the journal entry for the December 1 ansaction led above Account names used must be appropriate and spelled correctly. A word bank is provided below. Amounts should be uyed according fra 17.000 Word Bank Cash Interest Receivable Debt Investments Interest Revenge Dividend Revenue Loss on Sale of Debt Investments Far Value Adjustment AFS Revenue from Stock Investments Fair Value Adjustment Stock Stock Investments Fat Value Adjustment- Trading Unrealized Gain or Loss Equity Gain on Sale of Debt Investments Unrealized Gain or Loss Income Date Account Titles and Explanation Debit Credit Click Save and submit to save and womit. Click Save All Arneto sve alana Save At Ant
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