On September 14, 10,000 shares of Grey Company are acquired at a price of $100 per share plus a $500 brokerage fee. DATE   Debit Credit X/X                                         b) On October 15, a $0.50-per-share dividend was received on the Grey Company stock. DATE   Debit Credit X/X                                         c) On November 10, 1,500 shares of the Grey Company stock were sold for $115 per share less a $50 brokerage fee. DATE   Debit Credit X/X

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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On September 14, 10,000 shares of Grey Company are acquired at a price of $100 per share plus a $500 brokerage fee.

DATE

 

Debit

Credit

X/X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

b) On October 15, a $0.50-per-share dividend was received on the Grey Company stock.

DATE

 

Debit

Credit

X/X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

c) On November 10, 1,500 shares of the Grey Company stock were sold for $115 per share less a $50 brokerage fee.

DATE

 

Debit

Credit

X/X

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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