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Prepare the journal entries to account for these transactions.

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he following are investment transactions of Samuelson Company.;2011;July 1 Purchased 350 shares of Bateman Company stock at $22 per share plus a brokerage;fee of $600. The Bateman stock is classified as trading.;Oct. 31 Received a cash dividend of $2.00 per share on the Bateman stock.;Dec. 31 At year-end, Bateman stock had a market price of $19 per share.;2012;Feb. 20 Sold 175 shares of the Bateman stock for $26 per share.;Oct. 31 Received a cash dividend of $2.20 per share on the Bateman stock.;Dec. 31 At year-end, Bateman stock had a market price of $29 per share.;Prepare the journal entries to account for these transactions.

 

Paper#23668 | Written in 18-Jul-2015

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