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How to Journalize a Common Stock Accounting Entry? |
"Sold 500 shares of common stock that was a short term investment. The Stock sold for 14 3/4, less a commission of $147.75. The stock was originally purchased as a block of 1,000 shares at a total cost (including commission) of $9,250.00" When the purchase was made, the journal entry would have been: |
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