(Answered) Question - on november 28 2013 elliott company purchased

Accounting

Question - On November 28, 2013, Elliott Company purchased 10,000 shares of Ferno Corporation stock for $360,000. Elliott's management intends to hold the shares for a short period of time. On December 31, 2013, the price of Ferno stock was $30 per share. Finally, on January 19, 2014, Elliott sells all 10,000 shares for $375,000. In the journal provided below, prepare Elliott's entries for November 28, December 31, and January 19. (Omit explanations).

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