Business, 14.12.2019 01:31 kimezzell18

On february 12, addison, inc. purchased 6,000 shares of lucas company at $22 per share plus a $240 brokerage fee. this purchase represents less than 20% ownership of the lucas company. on august 22, lucas paid a $0.42 dividend per share. on november 10, 4,000 shares of lucas stock were sold for $28 per share less a $160 brokerage fee. required: prepare the journal entries for the original purchase, dividend, and sale. refer to the chart of accounts for exact wording of account titles.

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On february 12, addison, inc. purchased 6,000 shares of lucas company at $22 per share plus a $240 b...