Sunland Inc had the following transactions pertaining to investments in common stock Jan 1 July...
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Sunland Inc had the following transactions pertaining to investments in common stock Jan 1 July 1 Purchased 3,700 shares of Escalante Corporation common stock (7%) for $224.960 cash, Received a cash dividend of $2 per share. Sold 740 shares of Escalante Corporation common stock for $47,360 cash. Received a cash dividend of $2 per share. Dec 1 Dec 31 Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manuall Record journal entries in the order presented in the problem. If no entry is required, select "No entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit
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