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The Following Transactions and Information Pertain to Langston Corporation for 20xx.Prepare

question 141

Essay

The following transactions and information pertain to Langston Corporation for 20xx.Prepare entries in journal form,without explanations,to record these transactions.
$\begin{array}{lrl}\text { May } & \text { 1. } & \begin{array}{l}\text { Purchased 1,000 shares of Granger Corporation's common stock at } \$ 180 \text { per } \\\text { share (representing } 5 \text { percent of Granger's total outstanding stock) as a } \\\text { long-term investment. }\end{array} \\\text { Sept. } & \text { 1 } & \text { Received a cash dividend of } \$ 6.00 \text { per share from Granger. } \\\text { Dec. } & 31 & \text { End of Langston's accounting year. Granger's market price per share is } \$ 168 \text {. }\end{array}$
$The following transactions and information pertain to Langston Corporation for 20xx.Prepare entries in journal form,without explanations,to record these transactions. \begin{array}{lrl} \text { May } & \text { 1. } & \begin{array}{l} \text { Purchased 1,000 shares of Granger Corporation's common stock at } \$ 180 \text { per } \\ \text { share (representing } 5 \text { percent of Granger's total outstanding stock) as a } \\ \text { long-term investment. } \end{array} \\ \text { Sept. } & \text { 1 } & \text { Received a cash dividend of } \$ 6.00 \text { per share from Granger. } \\ \text { Dec. } & 31 & \text { End of Langston's accounting year. Granger's market price per share is } \$ 168 \text {. } \end{array}$

Definitions:

Self-Protective Mechanisms

Psychological strategies, often unconscious, that individuals employ to defend themselves from perceived threats or to manage emotional pain.

Compulsive Attitudes

Mindsets characterized by an uncontrollable urge to perform certain actions or think in a particular way.

Neurotic Needs

In psychoanalytic theory, neurotic needs refer to ten specific, intense, and irrational demands on oneself and others that people develop to manage their anxiety.

Basic Anxiety

This refers to a theory by Karen Horney that suggests this anxiety is the feeling of being isolated and helpless in a hostile world, often stemming from childhood.