The following equity investment transactions were completed by Romero Company during a recent year: Apr. 10....
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The following equity investment transactions were completed by Romero Company during a recent year: Apr. 10. Purchased 1,900 shares of Dixon Company for a price of $59.75 per share plus a brokerage commission of $475. Received a quarterly dividend of $0.3 per share on the Dixon Company investment. July 8. Sept. 10. Sold 1,300 shares for a price of $53 per share less a brokerage commission of $270. Journalize the entries for these transactions. If required, round the final answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank. Apr. 10 Purchase July 8 - Dividend Sept. 10 Sale The following equity investment transactions were completed by Romero Company during a recent year: Apr. 10. Purchased 1,900 shares of Dixon Company for a price of $59.75 per share plus a brokerage commission of $475. Received a quarterly dividend of $0.3 per share on the Dixon Company investment. July 8. Sept. 10. Sold 1,300 shares for a price of $53 per share less a brokerage commission of $270. Journalize the entries for these transactions. If required, round the final answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank. Apr. 10 Purchase July 8 - Dividend Sept. 10 Sale
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Solution Apr 10 Debit Dixon Company shares 1900 x 5975 113525 Debit Br... View the full answer
Related Book For
Accounting
ISBN: 978-1337899451
27th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Posted Date:
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