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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
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