On august 1wade company buys 1000 shares of morgan common


On August 1,Wade Company buys 1,000 shares of Morgan common stock for $35,000 cash, plus brokerage fees of $700. On December 1, Wade sells the stock investments for $40,000 in cash. Journalize the purchase and sale of the common stock.

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Managerial Accounting: On august 1wade company buys 1000 shares of morgan common
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