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The following equity investment transactions were completed by Romero Company during a recent year: Apr. 10...


The following equity investment transactions were completed by Romero Company during a recent year:

Apr. 10 Purchased 3,800 shares of Dixon Company for a price of $49 per share plus a brokerage commission of $120.
July 8 Received a quarterly dividend of $0.90 per share on the Dixon Company investment.
Sept. 10 Sold 1,200 shares for a price of $41 per share less a brokerage commission of $90.
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Answer #1
Apr 10 Investments-Dixon Company stock 186320 =(3800*49)+120
           Cash 186320
July 8 Cash 3420 =3800*0.90
         Dividend Revenue 3420
Sept 10 Cash 49110 =(1200*41)-90
Loss on sale of Investments 9728
       Investments-Dixon Company stock 58838 =186320/3800*1200
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