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The Following Transactions and Information Pertain to Yates Corporation for 2009

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The following transactions and information pertain to Yates Corporation for 2009 and 2010.
2009
May 1 Purchased 3,000 shares of Templin Corporation common stock at $32 \$ 32 per share representing 2 percent of Templin's total outstanding stock) as a long-term investment.

Sept. 1 Received a cash dividend from Templin equal to $1.40 \$ 1.40 per share.
Dec. 31 Market value of Templin stock at year end was $24 \$ 24 per share.

2010
Sept. 1 Received a cash dividend from Templin equal to $1.40 \$ 1.40 per share.
Nov. 1 Sold 300 shares of Templin at $26 \$ 26 per share.
Dec. 31 Market value of Templin stock at year end was $22 \$ 22 per share.
Prepare entries in journal form,without explanations,to record the above.Yates's accounting year ends December 31.
 The following transactions and information pertain to Yates Corporation for 2009 and 2010.  2009 May 1 Purchased 3,000 shares of Templin Corporation common stock at   \$ 32   per share representing 2 percent of Templin's total outstanding stock) as a long-term investment.  Sept. 1 Received a cash dividend from Templin equal to   \$ 1.40   per share. Dec. 31 Market value of Templin stock at year end was   \$ 24   per share.  2010 Sept. 1 Received a cash dividend from Templin equal to   \$ 1.40   per share. Nov. 1 Sold 300 shares of Templin at   \$ 26   per share. Dec. 31 Market value of Templin stock at year end was   \$ 22   per share.  Prepare entries in journal form,without explanations,to record the above.Yates's accounting year ends December 31.


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