On April 25, Braxton Company buys 4,200 shares of Computech common stock for $79,600, plus brokerage fees

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On April 25, Braxton Company buys 4,200 shares of Computech common stock for $79,600, plus brokerage fees of $400. On October 31, Braxton sells 600 shares of Computech stock for $15,500, less brokerage fees of $500. Prepare journal entries for the purchase and sale of the Computech common stock.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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