Wildhorse Inc. had the following transactions pertaining to investments in common stock. Jan. 1 July...
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Wildhorse Inc. had the following transactions pertaining to investments in common stock. Jan. 1 July 1 Dec. 1 Dec. 31 Purchased 3,300 shares of Escalante Corporation common stock (4%) for $200,640 cash. Received a cash dividend of $3 per share. Sold 660 shares of Escalante Corporation common stock for $42,240 cash. Received a cash dividend of $3 per share. Journalize the transactions. (Credit account titles are automatically indented when amount is en the problem. If no entry is required, select "No entry" for the account titles and enter o for th Date Account Titles and Explanation Debit Credit Jan. 1 July 1 ) Dec. 1 Dec. 31
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