The company purchased 2,000 shares of equity securities for $27 per share. The shares were purchased as
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The company purchased 2,000 shares of equity securities for $27 per share. The shares were purchased as an available-for-sale investment. The broker’s commission on the purchase was $300. Make the journal entry necessary to record the purchase.
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Related Book For 
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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