Creating entries for purchase and sale


Q1) Shott Farm Supplies Corporation bought 800 shares of General Motors stock at $50 per share and paid  brokerage fee of $1,200. Two months later, shares were sold for $53 per share. Brokerage fee on sale was $1,300. Create entries for purchase and the sale.

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Accounting Basics: Creating entries for purchase and sale
Reference No:- TGS018181

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