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On September 12, 2,400 shares of Aspen Company are acquired at a price of $39.00 per share plus a $120 brokerage

commission. On October 15, a $1.10-per-share dividend was received on the Aspen Company stock. On November 10, 960.00 shares of the Aspen Company stock were sold for $34 per share less a $48 brokerage commission. When required, round final answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank. Prepare the journal entries for the original purchase, the dividend, and the sale under the cost method.

Sept. 12 Investments-Aspen Company Stock  dr 9370

Cash  cr 9370

Oct. 15 Cash  dr 2640

Dividend Revenue  cr 2640

Nov. 10 Cash  dr 32,592

Loss on Sale of Investments  (?)

Investments-Aspen Company Stock  (?)

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