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Category > Accounting Posted 21 Apr 2017 My Price 5.00

Nosker Inc.

Nosker Inc. had the following transactions pertaining to investments in common stock.
Jan. Purchased 3,300 shares of Escalante Corporation common stock (5%) for
$184,800 cash.
July 1 Received a cash dividend of $4 per share.
Dec
1 Sold 660 shares of Escalante Corporation common stock for $42,240 cash.
.
Dec 3
Received a cash dividend of $4 per share.
.
1
1 Journalize the transactions. (Credit account titles are automatically indented when amount is
entered. Do not indent manually. Record journal entries in the order presented in the problem.
If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
Dat Account Titles and
e Explanation Stock Investment 184,800 Cash Cash 184,800 13,200 Dividend Revenu Cash Debi Credi
t
t 13,200 42,240 Gain on Sale of S Stock Investment Cash Dividend Revenu 10,560 10,560

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SuperTutor
(15)
Status NEW Posted 21 Apr 2017 12:04 AM My Price 5.00

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