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Stock investment transactions Instructions Chart of Accounts Journal Instructions On September 12, 16,000 shares of Aspen Company are acquired at a price of $24
Stock investment transactions Instructions Chart of Accounts Journal Instructions On September 12, 16,000 shares of Aspen Company are acquired at a price of $24 per share plus a $160 brokerage commission. On October 15, a $0.40-per-share dividend was received on the Aspen stock. On November 10, 6,400 shares of the Aspen stock were sold for $32 per share less a $100 brokerage commission. Journalize the entries to record the original purchase, the dividend, and the sale under the cost method. Refer to the Chart of Accounts for exact wording of account titles. When required, round your answers to the nearest dollar
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