(a) Journalize the transactions. (Credit account titles are automatically indent
ID: 2520011 • Letter: #
Question
(a)
Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
Exercise 12-5
Nosker Inc. had the following transactions pertaining to investments in common stock.
Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
Exercise 12-5
Nosker Inc. had the following transactions pertaining to investments in common stock.
Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
Cost
(a)
Prepare journal entries to record the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, sel
12-Hulse Company had the following transactions pertaining to stock investments.Feb. 1 Purchased 640 shares of Wade common stock (2%) for $7,680 cash. July 1 Received cash dividends of $1 per share on Wade common stock. Sept. 1 Sold 120 shares of Wade common stock for $1,678. Dec. 1 Received cash dividends of $1 per share on Wade common stock.
Explanation / Answer
As per policy only first question will be answered
Date account titles and explanation debit credit Feb 1 stock investment 7680 Cash 7680 July 1 cash (640*1) 640 Dividend revenue 640 Sept 1 cash 1678 Stock investment 1678 Dec 1 cash (640-120)*1 520 Dividend revenue 520Related Questions
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