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Fb 1 purchase 600 shares of goetz common stock 2 for

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Reference no: EM13614345

Dossett Company had the following transactions pertaining tostock investments

Feb. 1 Purchase 600 shares of Goetz common stock (2%) for $ 6000cash, plus brokerage fees of $200

July 1 Receive cash dividends for $1 per share on Goetz commonstock

Instructions

  1. Journalize the transactions
  2. Explain how dividend revenue and the gain (loss) on sale shouldbe reported in the income statement

Reference no: EM13614345

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