On January 23, 10,000 shares of tolle company are acquired at a price of $30 per share plus a $100 brokerage commission. On April 12, a $0.50 per share dividend was received on the tolle company stock. On June 10, 4,000 shares of the tolle company stock were sold for $34 per share less a $100 brokerage commission.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 9EA: St. Marie Company is authorized to issue 1,000,000 shares of $5 par value preferred stock, and...
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On January 23, 10,000 shares of tolle company are acquired at a price of $30 per share plus a $100 brokerage commission. On April 12, a $0.50 per share dividend was received on the tolle company stock. On June 10, 4,000 shares of the tolle company stock were sold for $34 per share less a $100 brokerage commission. 

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