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Prepare journal entries for k electronics

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Reference no: EM132905480

On January 5, 2021, the company sold the investment in K Electronics at $19 per share. On Dec 20, 2021, Company acquired 1,000 shares of IBM ordinary shares at $80 per share for "trading". On December 31, 2021, IBM stock was closed at $78 per share.

Problem 1: Prepare journal entries for 2021.

Reference no: EM132905480

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