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Determine and post the account entries of each transaction

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Reference no: EM132482732

Part of your job responsibilities as a finance manager is to invest in short term trading investments.

1. On 1 dec . You bought 1600 shares of MIRATY company at USD 20

2. On 15 dec. You received a cash dividend of USD 2 per share

3. On 31 dec the price of MIRATY share dropped to USD 16 per share

4. On 31 dec you decided to sell off all your investment at USD 10 per share

Requirements :

Question 1: Please post the account entries of each transaction

Question 2: How transaction 3 is different from transaction 4

Reference no: EM132482732

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