How to journalize the entry for december 31?
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter15: Shareholders’ Equity: Capital Contributions And Distributions
Section: Chapter Questions
Problem 15E
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Apr. | 10 | Purchased 5,000 shares of Delew Company’s common stock for a price of $49 per share plus a brokerage commission of $90. Delew Company has 230,000 shares of common stock outstanding. |
July | 8 | Received a quarterly dividend of $1.00 per share on the Delew Company investment. |
Sept. | 10 | Sold 1,100 shares for a price of $44 per share less a brokerage commission of $70. |
Dec. | 31 |
At the end of the accounting period, the fair value of the remaining 3,900 shares of Delew Company’s stock was $48.52 per share.
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