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The following equity investment transactions were completed by Vintage Company during a recent year: Apr. 10 Purchased 4,900 shares of Delew Company's common stock for
The following equity investment transactions were completed by Vintage Company during a recent year: Apr. 10 Purchased 4,900 shares of Delew Company's common stock for a price of $53 per share plus a brokerage commission of $85. Delew Company has 250,000 shares of common stock outstanding. July 8 Recelved a quarterly dividend of $0.80 per share on the Deiew Company investment. Sept: 10 Sold 1,300 shares for a price of $40 per share less a brokerage commission of $85. Dec. 31 At the end of the accounting period, the fair value of the remaining 3,600 shares of Delew Company's stock was $52.52 per share. Required: Joumalize the entries for these transactions. Refer to the chart of accounts for the exact wording of the account tities: CNOW journals do not use lines for joumal explanations. Every line on a joumal page is used for debit or credit entries. CNOW Instructions
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