On August 1, Basil Company buys 2,000 shares of Zingo common stock for $61,500 cash. On December 1, the stock investments are sold for $76,000 in cash. Which of the following are the correct journal entries of record for the purchase and sale of the common stock? 
Correct Answer:
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Q69: On January 1, Waverly Company purchased as
Q70: McComb Inc. earns $900,000 and pays cash
Q71: Charleston Co. purchased 60, 6% APS Company
Q72: McComb Inc. earns $900,000 and pays cash
Q74: Vangaurd Co. purchased 50, 6% McLaughlin Company
Q75: On January 1, Connid Company purchased as
Q76: On January 1, Bay View Company purchased
Q77: If a debt investment is sold, the
Q77: Porter Brothers Company purchased debt investment for
Q78: Cedar Co. purchased 120, 6% LKN Company
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