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Prepare the journal entries to record the transactions

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Rocktown Corporation bought 600 shares of General Eccentric stock on March 20 for its trading securities portfolio at $ 29 per share. Rocktown sold the stock at $ 33 per share on June 23. Prepare the journal entries to record the transactions on each of these dates, assuming that the investment had not yet been adjusted to fair value (that is, the investment was still recorded at cost at the time of sale).

Reference no: EM13865469

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