Question
Vaughn Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2260 shares of Ayayai Company (10%) for $57630 cash. June 1 Received cash
Vaughn Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2260 shares of Ayayai Company (10%) for $57630 cash. June 1 Received cash dividends of $3 per share on Ayayai stock. Oct. 1 Sold 1160 shares of Ayayai stock for $31320. The entry to record the purchase of the Ayayai stock would include a
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| credit to Cash for $51867. |
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| debit to Stock Investments for $57630. |
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| debit to Investment Expense for $5763. |
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| debit to Stock Investments for $51867. |
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Measurement Theory In Action
Authors: Kenneth S Shultz, David Whitney, Michael J Zickar
3rd Edition
9780367192181
