Prepare the journal entries for the following transactions for Morgan Co. (a) Morgan Co. purchased 32,000 shares of the total of 100,000 outstanding shares of Gordon Corp. stock for $ \$ 10 $ per share plus a $ \$ 400 $ commission.
(b) Gordon Corp.'s total earnings for the period are $ \$ 80,000 $.
(c) Gordon Corp paid a total of $ \$ 45,000 $ in cash dividends.

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The Answer of Prepare the journal entries for the following transactions for Morgan Co. (a) Morgan Co. purchased 32,000 shares of the total of 100,000 outstanding shares of Gordon Corp. stock for $ \$ 10 $ per share plus a $ \$ 400 $ commission.
(b) Gordon Corp.'s total earnings for the period are $ \$ 80,000 $.
(c) Gordon Corp paid a total of $ \$ 45,000 $ in cash dividends.

Prepare the Journal Entries for the Following Transactions for Morgan $10 \$ 10 $10

Prepare the Journal Entries for the Following Transactions for Morgan $\$ 10$