Prepare the journal entries to account for the following investment transactions of Clyde Company 1999 July 1
Question:
Prepare the journal entries to account for the following investment transactions of Clyde Company 1999 July 1 Purchased 200 shares of Nickle Company stock at $\$ 36$ per share plus a brokerage fee of $\$ 450$. The Nickle stock is classified as trading.
Oct. 31 Received a cash dividend of $\$ 1.50$ per share on the Nickle Company stock Dec. 31 At year-end, Nickle Company stock had a market price of $\$ 33$ per share 2000 Feb. 20 Sold 100 shares of the Nickle Company stock for $\$ 37$ per share Oct. 31 Received a cash dividend of $\$ 1.70$ per share on the Nickle Company stock Dec. 31 At year-end, Nickle Company stock had a market price of $\$ 39$ per share
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Survey Of Accounting
ISBN: 9780538846172
1st Edition
Authors: James D. Stice, W. Steve Albrecht, Earl Kay Stice, K. Fred Skousen