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

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 10EB: Ammon Company is authorized to issue 500,000 shares of $5 par value preferred stock. In its first...
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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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