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Journalize the purchase and sale of the common stock

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Reference no: EM13506631

On August 1,Wade Company buys 1,000 shares of Morgan common stock for $35,000 cash, plus brokerage fees of $700. On December 1, Wade sells the stock investments for $40,000 in cash. Journalize the purchase and sale of the common stock.

Reference no: EM13506631

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