Stock Investments Prepare the general journal entries to record the following transactions for the RAT Corp?
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Stock Investments Prepare the general journal entries to record the following transactions for the RAT Corporation relating to investments. a. The RAT Corporation purchased 200 shares of Mouse Enterprises common stock as an investment for $40 per share plus brokers fees that total $200. USE THE COST METHOD TO ACCOUNT FOR THE INVESTMENT. DATE DESCRIPTION PR DEBIT CREDIT b. Received a cash dividend of $1.50 per share from Mouse Enterprises. DATE DESCRIPTION PR DEBIT CREDIT c. Sold 100 shares of Mouse Enterprises stock for $50 per share. ( No brokers fees) DATE DESCRIPTION PR DEBIT CREDIT
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Answer:
looking for hw help? post this on the hw section not sure what date description means sorry
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