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Question Content Area On February 12, Addison, Inc., purchased 6,000 shares of Lucas Company at $22 per share plus a $240 brokerage fee. This purchase
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On February 12, Addison, Inc., purchased 6,000 shares of Lucas Company at $22 per share plus a $240 brokerage fee. This purchase represents less than 20% ownership of Lucas Company. On August 22, Lucas paid a dividend per share of $0.42. On November 10, 4,000 shares of Lucas stock were sold for $28 per share less a $160 brokerage fee.Journalize the entries for the original purchase, dividend, and sale. If an amount box does not require an entry, leave it blank.
Feb. 12 | CashDividend RevenueGain on Sale of InvestmentsInvestments-Lucas Company StockLoss on Sale of Investments | - Select - | - Select - |
CashDividend RevenueGain on Sale of InvestmentsInvestments-Lucas Company StockLoss on Sale of Investments | - Select - | - Select - | |
Aug. 22 | CashDividend RevenueGain on Sale of InvestmentsInvestments-Lucas Company StockLoss on Sale of Investments | - Select - | - Select - |
CashDividend RevenueGain on Sale of InvestmentsInvestments-Lucas Company StockLoss on Sale of Investments | - Select - | - Select - | |
Nov. 10 | CashDividend RevenueGain on Sale of InvestmentsInvestments-Lucas Company StockLoss on Sale of Investments | - Select - | - Select - |
CashDividend RevenueDividends PayableGain on Sale of InvestmentsLoss on Sale of Investments | - Select - | - Select - | |
CashDividends PayableInvestments-Lucas Company StockLoss on Sale of InvestmentsSupplies | - Select - | - Select - |
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