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Question 7 of 17 - / 15 e View Policies Current Attempt in Progress Sandhill Company had the following transactions pertaining to its short-term stock

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Question 7 of 17 - / 15 e View Policies Current Attempt in Progress Sandhill Company had the following transactions pertaining to its short-term stock investments. Jan. 1 June 1 Sept. 15 Dec. 1 Purchased 1,200 shares of Wildhorse Company stock for $12,000 cash. Received cash dividends of $0.60 per share on the Wildhorse Company stock. Sold 490 shares of the Wildhorse Company stock for $4,000. Received cash dividends of $0.60 per share on the Wildhorse Company stock. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) late Account Titles and Explanation Debit Credit 1 Debt Investments 12000 Cash 12000 e 1 Cash 720 Dividend Revenue 720 t. 15 4 Cash Debt Investments Loss on Sale of Debt Investments Cash Dividend Revenue Save for Later Attempts: 0 of 1 used Submit

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