On 1. 1. 2019 “Al-Amal” company started its investments in shares for the purpose of trading and it was as follows:
1. On 1.3. The “Al-Amal” company bought 2,800 shares of the World Bank at a price of 6.25 dirhams per share, and the purchase commission paid to the broker amounted to 2%.
2. On 1.4, the "Al-Amal" company bought 3,300 shares of the National Bank at a price of 10 dirhams per share, and the purchase commission paid to the broker was 0.75%.
3. Al-Amal Company received one dirham in cash, distributing dividends for each share of the National Bank.
4. On 8/12 1,700 shares of the World Bank were sold at a price of 9.5 dirhams per share, and 65 dirhams selling commission was paid to the broker.
5. Al-Amal Company received 0.60 dirhams in cash, distributing dividends for each share of the World Bank
6. On 25/12, 650 World Bank shares were sold at a price of 5.5 dirhams per share, and 100 dirhams selling commission was paid to the broker.
Required:

Record the previous operations in the books of the establishment.

Answer rating: 100% (QA)

13 Investment In shares Dr 2800625 17500 Commission Expenses Dr 175002 350 To Cash 17850 14 ... View the full answer