Question
Exercise 16-06 Your answer is partially correct. Try again. On February 1, Wildhorse Company purchased 460...
Exercise 16-06
| Your answer is partially correct. Try again. | |
On February 1, Wildhorse Company purchased 460 shares (2%
ownership) of Givens Company common stock for $32 per share. On
March 20, Wildhorse Company sold 92 shares of Givens stock for
$2,668. Wildhorse received a dividend of $2.00 per share on April
25. On June 15, Wildhorse sold 184 shares of Givens stock for
$6,992. On July 28, Wildhorse received a dividend of $2.00 per
share.
Prepare the journal entries to record the transactions described
above. (Credit account titles are automatically
indented when amount is entered. Do not indent manually. If no
entry is required, select "No entry" for the account titles and
enter 0 for the amounts. Round answers to 0 decimal places, e.g.
5,275. Record journal entries in the order presented in the
problem.)
|
Date |
Account Titles and Explanation |
Debit |
Credit |
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|
Feb. 1Mar. 20Apr. 25June 15July 28 |
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|
|
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On February 1, Wildhorse Company purchased 460 shares (2% ownership) of Givens Company common stock for...
On February 1, Wildhorse Company purchased 460 shares (2%
ownership) of Givens Company common stock for $32 per share. On
March 20, Wildhorse Company sold 92 shares of Givens stock for
$2,668. Wildhorse received a dividend of $2.00 per share on April
25. On June 15, Wildhorse sold 184 shares of Givens stock for
$6,992. On July 28, Wildhorse received a dividend of $2.00 per
share. Prepare the journal entries to record the transactions
described above
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Exercise 16-06
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