Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

تمرين 21

Prepare journal entries to record the following transactions involving the short-term securities investments of Duke Co., all of which occurred during year 2015.
a. On March 22, purchased 1,000 shares of RIP Company stock at $10 per share plus an $80 brokerage fee. These shares are categorized as trading securities.
b. On September 1, received a $1.00 per share cash dividend on the RIP Company stock purchased in transaction a.
c. On October 8, sold 500 shares of RIP Co. stock for $15 per share, less a $50 brokerage fee.