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Category > Accounting Posted 20 Aug 2017 My Price 6.00

Yerbury Corp

Ex 13-8   Entries for stock investments, dividends, and sale of stock                   ObJ. 3 Yerbury Corp. manufactures construction equipment. Journalize the entries to record the following   selected   equity   investment   transactions   completed   by   Yerbury   during  2016:

Feb.     2.  Purchased for cash 5,300 shares of Wong Inc. stock for $20 per share plus  a

$110 brokerage commission.

Mar.     6.  Received dividends of $0.30 per share on Wong Inc. stock.

June 7. Purchased 2,000 shares of Wong Inc. stock for $26 per share plus a $120 brokerage commission.

July 26. Sold 6,000 shares of Wong Inc. stock for $35 per share less a $100 brokerage commission. Yerbury assumes that the first investments purchased are the first investments sold.

Sept. 25.  Received dividends of $0.40 per share on Wong Inc. stock.

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Maurice Tutor
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Status NEW Posted 20 Aug 2017 08:08 PM My Price 6.00

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