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mkrmerRecord the necessary journal entries for the following short-term investment transactions
May 1 Brooks Company purchased 900 shares of Western Inc.'s stock for $8,500 plus a broker's commission of $185. The shares are classified as as short term investment.
July 9 Brooks received a cash dividend of $.80 per share on the Western Inc. stock.
Sept. 29 Brooks sold 400 shares of Western Inc. stock for $4,520 less a broker's commission $100.
Dec. 9 Brooks received a cash dividend of $.80 per share on the Western Inc. stock.
13 years ago
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