Yerbury Corp. manufactures construction equipment. Journalize the entries to record the following selected equity investment...
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Yerbury Corp. manufactures construction equipment. Journalize the entries to record the following selected equity investment transactions completed by Yerbury during a recent year: Feb. 2 Purchased for cash 750 shares of Wong Inc, stock for $47 per share plus a $375 brokerage commission. Mar, 16 Received dividends of $0.20 per share on Wong Inc stock. June 7 Purchased 550 shares of Wong Inc. stock for $55 per share plus a $275 brokerage commission. July 26 Sold 850 shares of Wong Inc, stock for $60 per share less a $425 brokerage commission, Yerbury assumes that the first investments purchased are the first investments sold. Sept. 25 Received dividends of $0,30 per share on wong Inci stock. In your computations, round per share amounts to two decimal places. When required, round final answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank. ranck My Work When recording the purchase of the investment, consider the amount of the brokerage commission. Record the revenue earned. When recording the cash received, consider the commission. To complete the entry determine and gain or loss to be recorded
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