Question

OO T-Mobile 9:53 PM 63% edugen.wileyplus.com US Weygandt, Accounting Principles, 12e Exercise 16-4 Hulse Company had the following transactions pertaining to stock investments. Purchased 490 shares of wade common stock (2%) for ss,880 cash. Received cash dividends of $1 per share on Wade common stock. Sept. Sold 245 shares of Wade common stock for $3,5S3. Received cash dividends of $1 per share on Wade common stock. Journalize the transactions. (Round answers to decimal places, e.g. 5.275. are automatically indented when amount is entered. Do not indent manual entries in the order presented in the problem. If no entry is required, selec account titles and enter 0 for the amounts.) Explain how dividend revenue and the gain (loss) on sale should be reported in the Dividend revenue and the gain on sale of stock investments are reported under Question Attempts: oof3used



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