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accountinghw.docxShort-term Investments, Cost Method, Handout for Appendix D
Name ______________________________________________________
Prepare the necessary general journal entries for the information provided below concerning the short-term investments for the Hotel Corporation. Record answers in the space provided.
Jan 2 Purchased 10,000 shares of Greene Corporation's
common stock at $21 per share plus a $3,150 fee.
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Debit |
Credit |
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Jan.2 |
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Aug 6 Greene Corporation paid a $1.10 per share dividend.
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Date |
Account Titles |
Debit |
Credit |
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Aug. 6 |
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Dec 3 Sold 5,000 shares of the short term investment in Greene Corporation
stock for $24 per share less a $600 fee.
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Date |
Account Titles |
Debit |
Credit |
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Dec. 3 |
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