Question
The following equity investment transactions were completed by Reynolds company in 2014: Feb 8: purchased 2,400 shares of tybee company for a price of $62
The following equity investment transactions were completed by Reynolds company in 2014:
Feb 8: purchased 2,400 shares of tybee company for a price of $62 per share plus a brokerage commission of $120.
Apr. 22: received a quarterly dividend of $0.60 per share on the tybee company investment
May 26: sold 1,000 shares for a price of $52 per share less a brokerage commission of $60.
Journalize the entries for these transactions.
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Advanced Accounting And Auditing Theory And Practice
Authors: Prof. R.B. Patel
1st Edition
8188730882, 978-8188730889
