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On January 1, 2015 ACME Company made the following purchases of stock investments
100 of the 100,000 shares of AJAX Company for $5000. ACME accounts for this investment as a trading security
1000 of the 4000 shares of FIDO Company for $50,000 the CEO of ACME now sits on the board of directors of FIDO
1-Mar-15	AJAX declared and paid a $2 per share dividend
	FIDO declared and paid a $3 per share dividend
December 31, 2015 AJAX stock is selling for $52 per share; AJAX reports income for 2015 of $600,000
	FIDO stock is selling for $45 per share; FIDO reports income for 2015 of $45,000
March 1 2016	AJAX declared and paid a $1 per share dividend
	FIDO announced that it would not pay any dividends in 2016
31-Dec-16	AJAX stock is selling for $49 per share; AJAX reports a loss of $100,000
	FIDO stock is selling for $51 per share; FIDO reports a loss for 2016 of $12,000
2-Jan-17	ACME sells its entire investment in AJAX for $4950
	ACME sells its entire investment in FIDO for $50500
REQUIRED:	MAKE ALL THE NECESSARY JOURNAL ENTRIES FOR ACME IN
	2015
	2016
	2017
BEGINNING WITH THE PURCHASE OF THE STOCK IN AJAX AND FIDO

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