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BE13-2 On August 1,Wade Company buys 1,000 shares of Morgan common stock for $35,000

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BE13-2 On August 1,Wade Company buys 1,000 shares of Morgan common stock for $35,000
cash, plus brokerage fees of $700. On December 1,Wade sells the stock investments for $40,000
in cash. Journalize the purchase and sale of the common stock

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