On August 15, 1,600 shares of Birch Company are acquired at a price of $44 per s

Question

On August 15, 1,600 shares of Birch Company are acquired at a price of $44 per share plus a $160 brokerage fee. On September 10, a $0.75-per-share dividend was received on the Birch Company stock. On October 5, 500 shares of the Birch Company stock were sold for $35 per share less a $50 brokerage fee. In your computations, round per share amounts to two decimal places. 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 or enter "0". Hide

Explanation / Answer

aug 15 1600*44+150 = 70550 Cash..........................................................................70550 shares..............................................70400 brokerage fee.......................................150 sep 10 Cash.................................................1200 dividends...................................................................1200 oct 5 cash................................................17550 shares........................................................................17500 brokerage fee...................................................................50

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