Archway Tech Corp. manufactures surveying equipment. Journalize the entries to record the following selected equity investment transactions
Question:
Feb. 2. Purchased for cash 800 shares of Parr Inc. stock for $28 per share plus a $120 brokerage commission.
Apr. 16. Received dividends of $0.12 per share on Parr Inc. stock.
June 17. Purchased 600 shares of Parr Inc. stock for $33 per share plus a $150 brokerage commission.
Aug. 19. Sold 1,000 shares of Parr Inc. stock for $41 per share less a $200 brokerage commission. Archway assumes that the first investments purchased are the first investments sold.
Nov. 14. Received dividends of $0.15 per share on Parr Inc. stock.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Feb 2 Investments x Parr Inc Stock 22520 Cash 22520 800 shares 28 120 Apr 16 Cash 96 Dividend Reve...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
2+ Reviews
10+ Question Solved
Related Book For 
Question Posted:
