On February 1, Windsor Company purchased 1,300 shares (2% 8whership) March 20, Windsor Company sold 285 shares of Wynne stock for $6,555. Windsor received a dividend of $1.20 per share on Apri On June 15, Marcus sold 390 shares of Wynne stock for $11,050. Prepare the journal entries to record the transactions described above. (Credit account titles are automatically indented when the amo is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Unit IV question 2

<.
On February 1, Windsor Company purchased 1,300 shares (2% ownership) of Wynne Company common stock for $25 per share. On
March 20, Windsor Company sold 285 shares of Wynne stock for $6555. Windsor received a dividend of $1.20 per share on April 25
On June 15, Marcus sold 390 shares of Wynne stock for $11,050.
Prepare the journal entries to record the transactions described above. (Credit account titles are automatically indented when the amount
is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)
Date
Account Titles and Explanation
Debit
Credit
eTextbook and Media
List of Accounts
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Transcribed Image Text:<. On February 1, Windsor Company purchased 1,300 shares (2% ownership) of Wynne Company common stock for $25 per share. On March 20, Windsor Company sold 285 shares of Wynne stock for $6555. Windsor received a dividend of $1.20 per share on April 25 On June 15, Marcus sold 390 shares of Wynne stock for $11,050. Prepare the journal entries to record the transactions described above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Annwer
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