Business, 14.12.2019 01:31, amortegaa805

Prepare the journal entries for the following transactions for morgan co.

(a)morgan co. purchased 23,000 shares of the total of 100,000 outstanding shares of gordon corp. stock for $10 per share plus a $400 commission.
(b)gordon corp.'s total earnings for the period are $80,000.
(c)gordon corp. paid a total of $45,000 in cash dividends.

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Prepare the journal entries for the following transactions for morgan co.

(a)morgan co....