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Show Me How a. Purchased for cash $1 b. Received first semiannual interest payment. c. Sold $60,000 of the bonds at 101 plus accrued interest
Show Me How a. Purchased for cash $1 b. Received first semiannual interest payment. c. Sold $60,000 of the bonds at 101 plus accrued interest of $500. EE 15-2 p. 727/PE 15-2A Stock investment transactions OBJ. 3 share On January 23, 10,000 shares of Tolle Company are acquired at a price of $30 per plus a $100 brokerage commission. On April 12, a $0.50-per-share dividend was received on the Tolle Company stock. On June 10, 4,000 shares of the Tolle Company stock were sold for $34 per share less a $100 brokerage commission. Prepare the journal entries for the original purchase, the dividend, and the sale under the cost method
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