Journalize the transactions

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

Jan. 1 Purchased 3,300 shares of Escalante Corporation common stock (5%) for $184,800 cash.

July 1 Received a cash dividend of $4 per share.

Dec. 1 Sold 660 shares of Escalante Corporation common stock for $42,240 cash.

Dec. 31 Received a cash dividend of $4 per share.

Required - Journalize the transactions.

Reference no: EM131651174

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