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Business, 11.08.2021 21:30 Vampfox

On August 1, Masters Company buys 2,000 shares of ABD common stock for $72,500 cash. On December 1, the stock investments are sold for $75,000 in cash. What are the correct journal entries to record for the purchase and sale of the common stock?

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On August 1, Masters Company buys 2,000 shares of ABD common stock for $72,500 cash. On December 1,...
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