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Jaleem Corporation Buys 1,000 Shares of Samuel Ltd

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Jaleem Corporation buys 1,000 shares of Samuel Ltd.'s common shares as a trading investment. The shares are purchased for $30 a share. At year-end the shares are trading at $32. The adjusting entry at year-end is Jaleem Corporation buys 1,000 shares of Samuel Ltd.'s common shares as a trading investment. The shares are purchased for $30 a share. At year-end the shares are trading at $32. The adjusting entry at year-end is

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