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The Following Transactions Were Made by Aquavore Company

Question 172

Essay

The following transactions were made by Aquavore Company. Assume all investments are temporary.
July 1 Purchased 400 shares of Delta Corporation common stock for $35 per share.
30 Received a cash dividend of $1.25 per share from the Delta Corporation.
Sept. 15 Sold 80 shares of Delta Corporation stock for $38 per share.
Instructions
Journalize the transactions.

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