On January 2,Excelsius Corp purchased 10,000 Etherovo Corp common shares at $11 per share plus a $5,200 commission.On August 6,Etherovo Corp declared and paid dividends of $2.10 per share,and on December 31,it reported a profit of $350,000.Assuming Etherovo Corp has 32,000 common shares outstanding.Prepare the necessary entries on the books of Excelsius Corp to account for these transactions.

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The Answer of On January 2,Excelsius Corp purchased 10,000 Etherovo Corp common shares at $11 per share plus a $5,200 commission.On August 6,Etherovo Corp declared and paid dividends of $2.10 per share,and on December 31,it reported a profit of $350,000.Assuming Etherovo Corp has 32,000 common shares outstanding.Prepare the necessary entries on the books of Excelsius Corp to account for these transactions.

On January 2,Excelsius Corp Purchased 10,000 Etherovo Corp Common Shares