Question

Kurzon Inc. had these transactions pertaining to investments in common stock:
Jan. 1 Purchased 1,200 shares of Fulten Corporation common stock (5% of outstanding shares) for $59,200 cash.
July 1 Received a cash dividend of $7 per share.
Dec. 1 Sold 900 shares of Fulten Corporation common stock for $47,200 cash.
31 Received a cash dividend of $7 per share.
Instructions
Journalize the transactions.



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  • CreatedApril 07, 2014
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