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Journalize the entries for these transactions

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Reference no: EM133046750

Question - Entries for equity Investments: less than 20% ownership Seamus Industries Inc. buys and sells investments as part of its ongoing cash management. The following investment transactions were completed during the year:

Dec. 31. At the end of the accounting period, the fair value of the remaining 600 shares of Tett Co.'s stock was $85.35 per share. The fair value of the remaining 1,750 shares of Isaacson Co.'s stock was equal to its cost of $36.04 per share.

Required - Journalize the entries for these transactions.

Reference no: EM133046750

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