Unformatted text preview: is $28 and a $25 broker's fee is paid, the entry to record the purchase is: General Journal Date Account Title and Description Ref. Debit Credit 20X0 Jan. 18 Equity Investments [(72 shares × $28) + $25] 2,041 Cash 2,041 Acquire 1% of PWC Corporation stock...
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- Spring '09
- Accounting, acquisition costs, PWC Corporation