Make the journal entries for the original purchase

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Problem - On January 23, 10,000 shares of Tolle Company are acquired at a price of $30 per share plus a $100 brokerage commission. On April 12, a $0.50-per-share dividend was received on the Tolle Company stock. On June 10, 4,000 shares of the Tolle Company stock were sold for $34 per share less a $100 brokerage commission. Make the journal entries for the original purchase, the dividend, and the sale under the cost method.

Reference no: EM132692230

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