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The Corporation had these transactions pertaining to stock investments: Feb. 15 - Purchased 2,000 shares of A Company (10%) for $51,000 cash. June 1 -
The Corporation had these transactions pertaining to stock investments: Feb. 15 - Purchased 2,000 shares of A Company (10%) for $51,000 cash. June 1 - Received cash dividends of $3 per share on A Company stock. Oct. 12 - Sold 1,200 shares of A Company stock for $32,400. The entry to record the receipt of the dividends on June 1 would include a debit to Stock Investments for $6,000. credit to Dividend Revenue for $6,000. debit to Dividend Revenue for $6,000. credit to Stock Investments for $6,000.
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