Current Attempt in Progress Blossom Inc. had the following transactions pertaining to investments in common stock. Jan. 1 Purchased 1,500 shares of Escalante Corporation common stock (7%) for $91,200 cash. July Received a cash dividend of $3 per share. Sold 300 shares of Escalante Corporation common stock for $19,200 cash. Received a cash dividend of $3 per share. 1 Dec. 1 Dec. 31 Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation eTextbook and Media List of Accounts Debit Credit
Current Attempt in Progress Blossom Inc. had the following transactions pertaining to investments in common stock. Jan. 1 Purchased 1,500 shares of Escalante Corporation common stock (7%) for $91,200 cash. July Received a cash dividend of $3 per share. Sold 300 shares of Escalante Corporation common stock for $19,200 cash. Received a cash dividend of $3 per share. 1 Dec. 1 Dec. 31 Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation eTextbook and Media List of Accounts Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Current Attempt in Progress
Blossom Inc. had the following transactions pertaining to investments in common stock.
Jan. 1 Purchased 1,500 shares of Escalante Corporation common stock (7%) for $91,200 cash.
July
Received a cash dividend of $3 per share.
Sold 300 shares of Escalante Corporation common stock for $19,200 cash.
Received a cash dividend of $3 per share.
1
Dec. 1
Dec. 31
Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is
entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry" for the
account titles and enter O for the amounts.)
Date Account Titles and Explanation
eTextbook and Media
List of Accounts
Debit
Credit
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