Question

Nosker Inc. had the following transactions pertaining to investments in common stock.
Jan. 1 Purchased 2,500 shares of Escalante Corporation common stock (5%) for $152,000 cash.
July 1 Received a cash dividend of $3 per share.
Dec. 1 Sold 500 shares of Escalante Corporation common stock for $32,000 cash.
Dec. 31 Received a cash dividend of $3 per share.

Instructions
Journalize the transactions.



$1.99
Sales19
Views633
Comments0
  • CreatedJanuary 30, 2014
  • Files Included
Post your question
5000