Investments

Problem-10: Investments

Nosker Inc. had the following transactions pertaining to investments in common stock.

Jan. 1Purchased 2,500 shares of Escalante Corporation common stock (5%) for $152,000 cash
July 1Received a cash dividend of $3 per share.
Dec. 1Sold 500 shares of Escalante Corporation common stock for $32,000 cash.
Dec. 31Received a cash dividend of $3 per share.

Instructions

Journalize the transactions.

Solution

Nosker Inc.
Journal Entries

Problems: Investments

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Minhajur Rahaman

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