Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 31 Jul 2017 My Price 4.00

Archway Tech Corp

Archway Tech Corp. manufactures surveying equipment. Journalize the entries to record the following selected equity investment transactions completed by Archway during 2012:
Feb. 2. Purchased for cash 800 shares of Parr Inc. stock for $28 per share plus a $120 brokerage commission.
Apr. 16. Received dividends of $0.12 per share on Parr Inc. stock.
June 17. Purchased 600 shares of Parr Inc. stock for $33 per share plus a $150 brokerage commission.
Aug. 19. Sold 1,000 shares of Parr Inc. stock for $41 per share less a $200 brokerage commission. Archway assumes that the first investments purchased are the first investments sold.
Nov. 14. Received dividends of $0.15 per share on Parr Inc. stock.

Answers

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Status NEW Posted 31 Jul 2017 08:07 PM My Price 4.00

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