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Prepare entries for the following transactions involving short-term stock investments. February 1, Purchased 710...

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Accounting

Prepare entries for the following transactions involving short-term stock investments.

February 1, Purchased 710 shares of Schwab Company stock at $15 per share. This stock investment results in it having an insignificant influence over Schwab.

March 31, Received a $1 per share cash dividend on the Schwab stock purchased on February 1.

July 6, Sold 355 shares of Schwab stock for $25 per share.

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