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Sheridan Company had the following transactions pertaining to its temporary stock investments. Jan. 1 Purchased 680 shares of Grouper Company stock for $8,270 cash. June
Sheridan Company had the following transactions pertaining to its temporary stock investments. Jan. 1 Purchased 680 shares of Grouper Company stock for $8,270 cash. June 1 Received cash dividends of $0.40 per share on the Grouper Company stock. Sept. 15 Sold 340 shares of the Grouper Company stock for $3,590 cash. 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.) Date Account Titles and Explanation Debit Credit Jan. 1 June 17 Sept. 15
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