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Prepare hertog company''s journal entries to reflect

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Prepare Hertog Company's journal entries to reflect the following transactions for the current year. 

May 7 Purchases 200 shares of Kraft stock as a short  term investment in available for  sale securities at a cost of $ 50 per share plus $ 300 in broker fees. 
June 6 Sells 200 shares of its investment in Kraft stock at $ 56 per share. The broker's commission on this sale is $ 150.

Reference no: EM13896218

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