Homework Answers
Answer:
| Date | Particulars | Debit ($) | Credit ($) |
| May 15,2018 | Investment in Jack, Inc. stock | 10,000 | |
| Cash | 10,000 | ||
| November 15, 2018 | Cash | 500 | |
| Dividend revenue | 500 | ||
| December 10, 2018 | Cash | 9,400 | |
| Loss on sale of investment | 600 | ||
| Investment in Jack, Inc. stock | 10,000 |
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8. On May 15, 2018, Stacey Co. invests $10,000 in Dave, Inc. stock. Dave pays Stacey...
8. On May 15, 2018, Stacey Co. invests $10,000 in Dave, Inc. stock. Dave pays Stacey...
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