On February 1, Ivanhoe Company purchased 680 shares (2% ownership) of Givens Company common stock for $32 per share. On March 20, Ivanhoe Company sold 136 shares of Givens stock for $3,944. Ivanhoe received a dividend of $3.00 per share on April 25. On June 15, Ivanhoe sold 272 shares of Givens stock for $10,336. On July 28, Ivanhoe received a dividend of $2.00 per share. Required:Prepare the journal entries to record the transactions described above.
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On February 1, Ivanhoe Company purchased 680 shares (2% ownership) of Givens Company common stock fo...
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