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Journalize the entries to record the original purchase

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Problem - Stock investment transactions - On September 12, 4,000 shares of Aspen Company were acquired at a price of $50 per share plus a $400 brokerage commission. On October 15, a $0.60-per-share dividend was received on the Aspen stock. On November 10, 3,000 shares of the Aspen stock were sold for $40 per share less a $200 brokerage commission. Journalize the entries to record the original purchase, the dividend, and the sale under the fair value method.

Reference no: EM132767808

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