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. Record Investor Corporations journal entry for each of the following events. a. Investor Corporation purchases 600 shares of stock in Company A for $60
. Record Investor Corporations journal entry for each of the following events.
a. Investor Corporation purchases 600 shares of stock in Company A for $60 per share on December 6, Year One. This investment is considered a trading security.
b. At the end of Year One, Company A shares are selling for $63 each.
c. On January 31, Year Two, Company A pays a cash dividend of $2 per share.
d. At the end of Year Two, Company A shares are selling for $59 each.
e. On January 22, Year Three, Investor sells all of the shares of Company A for $62 each
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