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Jenney Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2,000 shares of Moure Compa...
Jenney Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2,000 shares of Moure...
Jenney Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2,000 shares of Moure Company (10%) for $75,000 cash. June 1 Received cash dividends of $2 per share on Moure stock. Oct. 1 Sold 1,200 shares of Moure stock for $62,400. The entry to record the purchase of the Moure stock would include a a. debit to Stock Investments for $45,900. b. credit to Cash for $55,900. c. debit to Stock Investments for $75,000. d. debit to Investment...
The Corporation had these transactions pertaining to stock investments: March 23 - Purchased 2,000 shares of...
The Corporation had these transactions pertaining to stock investments: March 23 - Purchased 2,000 shares of X Corp (10%) for $51,000. June 18 - Received cash dividends of $2 per share on X Corp stock. Oct. 12 - Sold 1,200 shares of X Corp stock for $32,400. The entry to record the sale of the stock would include a debit to Cash for $30,600. credit to Gain on Sale of Stock Investments for $1,200. debit to Stock Investments for $30,600....
Journalize stock investment transactions. Jelsie Company had the following transactions pertaining to stock investments. Feb. 1...
Journalize stock investment transactions. Jelsie Company had the following transactions pertaining to stock investments. Feb. 1 Purchased 1,200 shares of Sun common stock (2%) for $9,000 cash. July 1 Received cash dividends of $3.2 per share on Sun common stock. Sept. 1 Sold 400 shares of Sun common stock for $3,200. Dec. 1 Received cash dividends of $2.6 per share on Sun common stock. Instructions (a) Journalize the transactions.
ALENE Hulse Company had the following transactions pertaining to stock investments Feb. 1 Purchased 530 shares...
ALENE Hulse Company had the following transactions pertaining to stock investments Feb. 1 Purchased 530 shares of Wade common stock (2%) for $6,360 cash. July 1 Received cash dividends of $2 per share on Wade common stock. Sept. 1 Sold 230 shares of Wade common stock for $3,482 Dec. 1 Received cash dividends of $2 per share on Wade common stock Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not Indent manually problem. If...
Blossom Company had the following transactions pertaining to stock investments. Feb. 1 July 1 Sept. 1...
Blossom Company had the following transactions pertaining to stock investments. Feb. 1 July 1 Sept. 1 Dec. 1 Purchased 800 shares of Wade common stock (2%) for $9,600 cash. Received cash dividends of $1 per share on Wade common stock. Sold 400 shares of Wade common stock for $6,200. Received cash dividends of $1 per share on Wade common stock a) Journalize the transactions. (Round answers to o decimal places, e.g. 5,275. Credit account titles are automatically indented when amount...
Exercise 12-4 Hulse Company had the following transactions pertaining to stock investments. Feb. 1 July 1...
Exercise 12-4 Hulse Company had the following transactions pertaining to stock investments. Feb. 1 July 1 Sept. 1 Dec. 1 Purchased 540 shares of Wade common stock (2%) for $6,480 cash. Received cash dividends of $2 per share on Wade common stock. Sold 210 shares of Wade common stock for $3,230. Received cash dividends of $2 per share on Wade common stock. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record...
(12 points - 3 each) Hungh Company had the following transactions pertaining to short-term investments in...
(12 points - 3 each) Hungh Company had the following transactions pertaining to short-term investments in equity securities. Jan. 1 June 1 Sept. 15 Purchased 1,500 shares of Antuni Company stock for $9,500 cash. Received cash dividends of $.40 per share on Antuni Company stock. Sold 375 shares of Antuni Company stock for $2,300 less brokerage fees of $100 Received cash dividends of $.80 per share on Antuni Company stock. Dec. 1 Instructions Prepare a journal entry for each of...
Journal the entries to record the stock investments for Perry Company. Feb 3 Purchased for cash...
Journal the entries to record the stock investments for Perry Company. Feb 3 Purchased for cash 900 shares of Dexter Company stock for $54 per share. This represents an ownership interest of less than 10% in dexter. April 15 Received dividends of .25 cents per share on on Dexter Co. STock June 16 Sold 200 shares of Dexter Co stock for $70 per share Aug 18 Purchased 600 shares of Dexter co stock for $65 a share Nov 14 Received...
Whitmore Corporation had the following transactions pertaining to debt and stock investment transactions during cal...
Whitmore Corporation had the following transactions pertaining to debt and stock investment transactions during calendar year 2020. Purchased 50, 10%, $1,000 Lawton Company bonds for $50,000. The bonds pay interest semi-annually on Jan 1 and July 1. Jan 1 Purchased 700 shares of Shaw Company stock for $9,415. Mar 1 Received semi-annual interest on the Lawton Company bonds. July 1 Sold 20 Lawton Company bonds for $19,000. July 1 Received cash dividends of $0.50 per share on the Shaw Company...
Nosker Inc. had the following transactions pertaining to investments in common stock. Jan. 1 Purchased 4,800...
Nosker Inc. had the following transactions pertaining to
investments in common stock.
Jan.
1
Purchased 4,800 shares of Escalante Corporation common stock
(7%) for $291,840 cash.
July
1
Received a cash dividend of $4 per share.
Dec.
1
Sold 960 shares of Escalante Corporation common stock for
$61,440 cash.
Dec.
31
Received a cash dividend of $4 per share.
Journalize the transactions. (Credit account titles are
automatically indented when amount is entered. Do not indent
manually. Record journal entries in...
Jenney Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2,000 shares of Moure Company (10%) for $75,000 cash. June 1 Received cash dividends of $2 per share on Moure stock. Oct. 1 Sold 1,200 shares of Moure stock for $62,400. The entry to record the purchase of the Moure stock would include a a. debit to Stock Investments for $45,900. b. credit to Cash for $55,900. c. debit to Stock Investments for $75,000. d. debit to Investment...
ALENE Hulse Company had the following transactions pertaining to stock investments Feb. 1 Purchased 530 shares of Wade common stock (2%) for $6,360 cash. July 1 Received cash dividends of $2 per share on Wade common stock. Sept. 1 Sold 230 shares of Wade common stock for $3,482 Dec. 1 Received cash dividends of $2 per share on Wade common stock Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not Indent manually problem. If...
Blossom Company had the following transactions pertaining to stock investments. Feb. 1 July 1 Sept. 1 Dec. 1 Purchased 800 shares of Wade common stock (2%) for $9,600 cash. Received cash dividends of $1 per share on Wade common stock. Sold 400 shares of Wade common stock for $6,200. Received cash dividends of $1 per share on Wade common stock a) Journalize the transactions. (Round answers to o decimal places, e.g. 5,275. Credit account titles are automatically indented when amount...
Exercise 12-4 Hulse Company had the following transactions pertaining to stock investments. Feb. 1 July 1 Sept. 1 Dec. 1 Purchased 540 shares of Wade common stock (2%) for $6,480 cash. Received cash dividends of $2 per share on Wade common stock. Sold 210 shares of Wade common stock for $3,230. Received cash dividends of $2 per share on Wade common stock. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record...
(12 points - 3 each) Hungh Company had the following transactions pertaining to short-term investments in equity securities. Jan. 1 June 1 Sept. 15 Purchased 1,500 shares of Antuni Company stock for $9,500 cash. Received cash dividends of $.40 per share on Antuni Company stock. Sold 375 shares of Antuni Company stock for $2,300 less brokerage fees of $100 Received cash dividends of $.80 per share on Antuni Company stock. Dec. 1 Instructions Prepare a journal entry for each of...
Whitmore Corporation had the following transactions pertaining to debt and stock investment transactions during calendar year 2020. Purchased 50, 10%, $1,000 Lawton Company bonds for $50,000. The bonds pay interest semi-annually on Jan 1 and July 1. Jan 1 Purchased 700 shares of Shaw Company stock for $9,415. Mar 1 Received semi-annual interest on the Lawton Company bonds. July 1 Sold 20 Lawton Company bonds for $19,000. July 1 Received cash dividends of $0.50 per share on the Shaw Company...
Nosker Inc. had the following transactions pertaining to
investments in common stock.
Jan.
1
Purchased 4,800 shares of Escalante Corporation common stock
(7%) for $291,840 cash.
July
1
Received a cash dividend of $4 per share.
Dec.
1
Sold 960 shares of Escalante Corporation common stock for
$61,440 cash.
Dec.
31
Received a cash dividend of $4 per share.
Journalize the transactions. (Credit account titles are
automatically indented when amount is entered. Do not indent
manually. Record journal entries in...
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