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Prepare journal entries to record the transactions described

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On February 1, Crane Company SpA purchased 800 ordinary shares (2% ownership) of Sunland Company for €30.00 per share. On March 20, Crane Company sold 160 shares of Sunland for €4,575. Crane received a dividend of €2.64 per share on April 25. On June 15, Crane sold 320 shares of Sunland for €11,741. On July 28, Crane received a dividend of €1.78 per share.

Problem 1: Prepare the journal entries to record the transactions described

Reference no: EM132823676

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