Feb. 1July 1E16-4 Hulse Company had the following transactions pertaining to stock investments.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.Dec. 1 Received cash dividends of $1 per share on Wade common stock.Sept. 1Instructions(a) Journalize the transactions.

A journal entry is a formal accounting record used in double-entry bookkeeping to capture and…

Answered: E16-4 Hulse Company had the following…

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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Prepare the journal entry to record Zende Company's issuance of 84,000 shares of $8 par value common stock assuming the shares sell for: a. $8 cash per share. b. $9 cash per share. View transaction list Journal entry worksheet 1 Record the issuance of 84,000 shares of $8 par value common stock assuming the shares sell for $8 cash per share. 2 Note: Enter debits before credits. Transaction a. Record entry General Journal Clear entry Debit Credit View general journal Saved >
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D Company had the following transactions pertaining to stock investments. Feb. 1 Purchased 600 shares of G common stock (4%) for $6,000 cash, plus brokerage fees of $400. July 1 Received cash dividends of $2 per share on Goetz common stock. Sept. 1 Sold 300 shares of G common stock for $4,600, less brokerage fees of $100. Dec. 1 Received cash dividends of $1 per share on G common stock. Instructions: Journalize the transactions.
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