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Provides jornal entries for these transactions

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Reference no: EM133036878

Question - BBI (company name) purchased on April 30, 2021 3,000 shares of Router Inc for $3,000,000. On August 1, BBI purchased 100 more shares at $500/share. On September 1, Router Inc. issued and paid dividends of $25 per share. On December 31, the shares were valued at $1,500/share. Commission for such purchase and sale is 1% on the value of the shares being traded each way (i.e. buy and sell).

On June 30, 2022, BBI sold 500 shares of Router Inc. for $600,000. Provides jornal entries for these transactions.

Reference no: EM133036878

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