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

question 45

Essay

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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Definitions:

Criteria Rows

Rows in a query design grid where criteria are entered to specify which records to include in the query results.

Query Design Grid

The graphical interface in database management software where users can visually construct and modify database queries without writing SQL code.

Outer Join

A type of SQL join that returns all rows from one or both of the joined tables or result sets.

Customers Table

A Customers Table is a structured list within a database specifically designed to hold information relevant to clients such as contact details, purchase history, and preferences.