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Equity Investment Trading Oregon Co had purchased 200 shares of Washington Co for $40 each this year and classified the investment as a trading security Oregon Co sold 100 shares of the stock

(Equity Investment— rading) Oregon Co. had purchased 200 shares of Washington Co. for $40 each this year and classified the investment as a trading security. Oregon Co. sold 100 shares of the stock for $45 each. At year-end, the price per share of the Washington Co. stock had dropped to $35.

 

Instructions

epa e the journal entries for these transactions and any yea -end adjustments.

Jun 18 2020 View more View Less

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