Question
The following are investment transactions of Samuelson Company. 2011 July 1 Purchased 350 shares of Bateman Company stock at $22 per share plus a brokerage
The following are investment transactions of Samuelson Company. 2011
July 1 Purchased 350 shares of Bateman Company stock at $22 per share plus a brokerage fee of $600. The Bateman stock is classified as trading.
Oct. 31 Received a cash dividend of $2.00 per share on the Bateman stock.
Dec. 31 At year-end, Bateman stock had a market price of $19 per share. 2012
Feb. 20 Sold 175 shares of the Bateman stock for $26 per share.
Oct. 31 Received a cash dividend of $2.20 per share on the Bateman stock.
Dec. 31 At year-end, Bateman stock had a market price of $29 per share.
Prepare the journal entries to account for these transactions.
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Managing Component Based Development In Global Teams
Authors: J. Kotlarsky, I. Oshri
2009 Edition
0230222447, 978-0230201101
