Purchased 3500 shares of the 100000 shares no par common

Prepare journal entries to record the following selected transactions of Masterson Co.

a) Purchased 600 shares of the 100,000 shares outstanding $10 par common shares of Dankin Corporation for $5,100.

b) Purchased 3,500 shares of the 10,0000 shares no par common shares of Ramon Co. for $45,700. The investment was accounted for by the equity method.

c) Received a cash dividend of $1 per share on the Dankin Corporation stock acquired in (a).

d) Received a cash dividend of $1 per share on the Ramon Co. Stock acquired in (b).

e) Sold 100 shares of the Dankin Corporation shares acquired in (a) for $2,100.

f) Dankin Corporation reported net income of $30,000 and Ramon Co. reported net income was $50,000.

From records available in various offices of baraga county : from records available in various offices of baraga county you find the following information about changes in

Skyline inc purchased a portfolio of available for sale : skyline inc purchased a portfolio of available for sale securities during 2013. the cost of the securities was 14500.

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Purchased 3500 shares of the 100000 shares no par common : prepare journal entries to record the following selected transactions of masterson co.a purchased 600 shares of the

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