On february 12 6 000 shares of lucas company are acquired, Ask an Expert

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On February 12, 6, 000 shares of Lucas Company are acquired at a price of $22 per share plus a $240 brokerage fee. On April 22, a $.42-per share dividend was received on the Lucas Company stock. On May 10, 4,000 shares of Lucas stock were sold for $28 per share less a $160 brokerage fee. Prepare the journal entries for the original purchase, dividend and sale.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M999393

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