This problem continues the Daniels Consulting situation from Problem P9 42 of Chapter 9 Daniels Consulting invests its temporary excess cash in a brokerage account On November 3, 2017, Daniels purchased 300 shares of Mauve Co common stock for $ 15 per share On December 31, 2017, Mauves common stock was trading at $ 10 per share Assume Daniels records the stock as a trading investment Requirements 1 Journalize the acquisition of Mauve stock on November 3, 2017 2 Journalize any entries, if required, at December 31, 2017 3 On January 25, 2018, Daniels sold the Mauve stock for $15 50 per share Journalize the sale

Question: This problem continues the Daniels Consulting situation from Problem P9-42 of Chapter 9. Daniels Consulting invests its temporary excess cash in a brokerage account. On

This problem continues the Daniels Consulting situation from Problem P9-42 of Chapter 9. Daniels Consulting invests its temporary excess cash in a brokerage account. On November 3, 2017, Daniels purchased 300 shares of Mauve Co. for $ 15 per share. On December 31, 2017, Mauve’s was trading at $ 10 per share. Assume Daniels records the stock as a trading investment.
Requirements
1. Journalize the acquisition of Mauve stock on November 3, 2017.
2. Journalize any entries, if required, at December 31, 2017.
3. On January 25, 2018, Daniels sold the Mauve stock for $15.50 per share. Journalize the sale.

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