On March 10, 2009, General Solutions, Inc., purchased 10,000 shares of MicroTech stock for $45 per share.
Question:
Price
12/31/2009 .. $50
12/31/2010 .... 35
12/31/2011 .... 37
General Solutions sold all of the MicroTech stock on September 12, 2012, at a price of $34 per share. Prepare any journal entries that are required by the facts presented in this case.
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March 10 2009 Investment in TS A 450000 Cash A 450000 10000 shares x 45 per share Dec 31 2009 ...View the full answer
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