Journalize the following: a. ABC Company buys 500 shares of Cha Ching for $100 per...
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Accounting
Journalize the following:
a. ABC Company buys 500 shares of Cha Ching for $100 per share on June 20. The broker charges a 5% commission and requires 10% margin. b. The price of the Cha Ching is $90 per share on June 30. c. On the expiration date the price of Cha Ching is $85.
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