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Waterway Corporation makes a short-term investment in 340 shares of Pharoah Company's common stock. The stock is purchased for $51 a share. The entry for

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Waterway Corporation makes a short-term investment in 340 shares of Pharoah Company's common stock. The stock is purchased for $51 a share. The entry for the purchase is O Stock Investments 17340 Cash 17340 16847 Stock Investments Cash 16847 16320 16320 O Stock Investments Cash O Debt Investments Cash 17340 17340

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