On August 1, Paul Holdings buys 1,000 ordinary shares of Merlynn for 35,700. On December 1, Paul

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On August 1, Paul Holdings buys 1,000 ordinary shares of Merlynn for €35,700. On December 1, Paul sells the share investments for €40,000 in cash. Journalize the purchase and sale of the ordinary shares.

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Accounting Principles

ISBN: 978-1119419617

IFRS global edition

Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt

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Question Posted: Jun 26, 2019 09:45 AM

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On August 1, Paul Holdings buys 1,000 ordinary shares of Merlynn for 35,700. On December 1, Paul

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Accounting Principles

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