Geocentric Company purchased 1000 shares of Robust Company at $50 per share and incurred a brokerage fee of $100 on September 1, 2019. 

A. What entry would Geocentric make to record this purchase? 

B. What entry would Geocentric make if it received a $ 2 dollar dividend per share from Robust Company on October 1, 2019?

C. What entry would Geocentric make if it sold 500 shares of Robust Company for $60 dollars per share on November 1, 2019 and incurred a brokerage fee of $50? 

D. What entry would Geocentric make at the fiscal year end at December 31, 2019 when the market value of the Robust shares was $75 per share?

Answer rating: 100% (QA)

Solution No Date General Journal Debit Credit A Sept 12019 Inves... View the full answer