On March 1, 2014, ABC paid $10,000 for 500 shares of XTC and 600 shares of YTC. The XTC shares were quoted at $12 per share on March 1, 2014. There was no quoted selling price for the YTC shares; however, one year earlier it was selling for $8 per share.
Calculate the debits to the investment accounts for each share.

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The Answer of On March 1, 2014, ABC paid $10,000 for 500 shares of XTC and 600 shares of YTC. The XTC shares were quoted at $12 per share on March 1, 2014. There was no quoted selling price for the YTC shares; however, one year earlier it was selling for $8 per share.
Calculate the debits to the investment accounts for each share.

On March 1, 2014, ABC Paid $10,000 for 500 Shares