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what is the answer ? 4. Prepare the journal entries for the following transactions for Morgan Co. (a) Morgan Co. purchased 23,000 shares of the
what is the answer ?
4. Prepare the journal entries for the following transactions for Morgan Co. (a) Morgan Co. purchased 23,000 shares of the total of 100,000 outstanding shares of Gordon Corp. stock for $10 per share plus a $400 commission. (b) Gordon Corp.'s total earnings for the period are $80,000 (c) Gordon Corp paid a total of $45,000 in cash dividends Step by Step Solution
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