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E16-4 Hulse Company had the following transactions pertaining to stock investment: Feb. 1 Purchased 600 shares of Wade common stock (2%) for $7,200 cash. July 1 Sept. 1 Sold 300 shares of Wade common stock for $4,300. Dec. 1 Received cash dividends of $1 per share on Wade common stock. Received cash dividends of $1 per share on Wade common stock.

E16-4 Hulse Company had the following transactions pertaining to stock investment: Feb. 1 Purchased 600 shares of Wade common stock (2%) for $7,200 cash. July 1 Sept. 1 Sold 300 shares of Wade common stock for $4,300. Dec. 1 Received cash dividends of $1 per share on Wade common stock. Received cash dividends of $1 per share on Wade common stock.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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E16-4 Hulse Company had the following transactions pertaining to stock investments. Feb. 1 July 1 Sept. 1 Dec. 1 Purchased 600 shares of Wade common stock (2%) for $7,200 cash. Received cash dividends of $1 per share on Wade common stock. Sold 300 shares of Wade common stock for $4,300. Received cash dividends of $1 per share on Wade common stock.
Transcribed Image Text:E16-4 Hulse Company had the following transactions pertaining to stock investments. Feb. 1 July 1 Sept. 1 Dec. 1 Purchased 600 shares of Wade common stock (2%) for $7,200 cash. Received cash dividends of $1 per share on Wade common stock. Sold 300 shares of Wade common stock for $4,300. Received cash dividends of $1 per share on Wade common stock.
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