As an investment in associates, Spotifly purchased 1.000 Tangerine Music Corp common shares for $123,000....
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As an investment in associates, Spotifly purchased 1.000 Tangerine Music Corp common shares for $123,000. Tangerine Music Corp also paid $575 in commissions on the transaction. The entry to record the transaction would include a: Multiple Choice Credit to Common Shares for $123,575 Debit to Investment in Associates for $123,000 Debit to investment in Tangerine Music Common Shares for $123,575 Credit to Common Shares for $1,000 Credit to Common Shares for $123,000
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