On August 1, Pharoah Company buys 1,000 shares of BCN common stock for $32,000 cash....
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Accounting
On August 1, Pharoah Company buys 1,000 shares of BCN common stock for $32,000 cash. On December 1, the stock investments are sold for $33,900 in cash. Journalize the purchase and sale of the common stock. (Credit occount titles are outomatically indented when the amount is entered. Do not indent manually. Record joumal entries in the ordk presented in the problem. ]
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