Ans
A. Investment in shares ....Dr 1000000
Profit n loss(Transaction cost)....Dr 500
To Cash. 1000500
B. Cash A/c. .....Dr. 5000
To Profit n Loss(Dividend) 5000
C. Cash A/c. ....Dr 172450
To Investment in shares. 150000
To profit n losss A/c. 22450
a) On September 14, 10,000 shares of Grey Company are acquired at a price of $100...
Stock Investment Transactions On September 12, 2,900 shares of Aspen Company are acquired at a price of $36.00 per share plus a $145 brokerage commission. On October 15, a $1.20-per-share dividend was received on the Aspen Company stock. On November 10, 1,160.00 shares of the Aspen Company stock were sold for $31 per share less a $58 brokerage commission. When required, round final answers to the nearest dollar. For a compound transaction, if an amount box does not require an...
On September 12, 3,100 shares of Aspen Company are acquired at a
price of $40.00 per share plus a $155 brokerage commission. On
October 15, a $1.20-per-share dividend was received on the Aspen
Company stock. On November 10, 1,240.00 shares of the Aspen Company
stock were sold for $34 per share less a $62 brokerage
commission.
When required, round final answers to the nearest dollar. For a
compound transaction, if an amount box does not require an entry,
leave it...
Stock Investment Transactions On September 12, 2,900 shares of Aspen Company are acquired at a price of $64.00 per share plus a $145 brokerage commission. On October 15, a $1.10-per-share dividend was received on the Aspen Company stock. On November 10, 1,160.00 shares of the Aspen Company stock were sold for $57 per share less a $58 brokerage commission. When required, round final answers to the nearest dollar. For a compound transaction, if an amount box does not require an...
Stock Investment Transactions On September 12, 3,500 shares of Aspen Company are acquired at a price of $58.00 per share plus a $175 brokerage commission. On October 15, a $1.20-per-share dividend was received on the Aspen Company stock. On November 10, 1,400.00 shares of the Aspen Company stock were sold for $53 per share less a $70 brokerage commission. When required, round final answers to the nearest dollar. For a compound transaction, if an amount box does not require an...
Stack Investment Transactions On September 12. 3,300 shares of Aspen Company are acquired at a price of $62.00 per share plus a $165 brokerage Commission on October 15, 251.00 per share dividend was received on the Apen Company stock. On November 10, 1,320.00 shares of the Aspen Company stock were sold for 355 per share wiss a $66 brokerage commission When required, round final answers to the nearest dollar. For a compound transaction fan amount box does not requruan ertry,...
Journal Chart of Accounts Instructions Instructions On September 12, 15,000 shares of Aspen Company are acquired at a price of $25 per share plus a $145 brokerage commission. On October 15, a $0.30-per-share dividend was received on the Aspen stock. On November 10, 6,200 shares of the Aspen stock were sold for $34 per share less a $130 brokerage commission. Journalize the entries to record the original purchase, the dividend, and the sale under the cost method. Refer to the...
eBook Show Me How Calculator Print Item Stock Investment Transactions On September 12, 3,600 shares of Aspen Company are acquired at a price of $61.00 per share plus a $180 brokerage commission on October 15, a 31.10-pershare dividend was received on the Aspen Company stock. On November 10, 1,440.00 shares of the Aspen Company stock were sold for 356 per share less a $72 brokerage commission. When required, round final answers to the nearest dollar. For a compound transaction, if...
On February 12, 2019, Addison, Inc. purchased 6,000 shares of Lucas Company at $22 per share plus a $240 brokerage fee. On August 22. Lucas paid a $0.42 dividend per share. On November 10, 4,000 shares of Lucas stock were sold for $28 per share less a $160 brokerage fee. Required: (Shows computations and references are required) Prepare the journal entries for the original purchase, dividends and sale. Debit Credit
LOU assignments&takeAssignmentSessionl.ocator assignment-take8inprogre eBook Show Me How Calculator Stock Investment Transactions On September 12, 4,000 shares of Aspen Company were acquired at a price of $50 per share plus a $400 brokerage commission. On October 15, a $0.60-per-share dividend was received an the Aspen stock. On November 10, 3,000 shares of the Aspen stock were sold for $40 per share less a $200 brokerage commission. In your computations, round per share amounts to two decimal places. When required, round final...
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Show Me How Calculator Pertem Stock Investment Transactions On September 12, 2.400 shares of Aspen Company are sured at a price of $57.00 per share plus a $120 brokerage commission on October 15, a $1.00-per-share dividend was received on the Aspen Company stock. On November 10, 960.00 shares of the Aspen Company stock were sold for 150 per share less a $45 brokerage Commission When required round final answers to the nearest dollar. For compound transaction fan amount...