Question

Wu, inc. , purchased 200 shares of devito, inc. , at $12. 50 per share. Brokerage commissions were $80. Wu would debit for $

Answer 1

Answer: Wu, Inc. would debit $2,580 for the purchase of 200 shares of Devito, Inc.

Step-by-step explanation: The total cost of the shares before commissions is $2,500 (200 shares x $12.50 per share). Adding the $80 brokerage commission gives a total cost of $2,580. Therefore, Wu, Inc. would debit $2,580 from their account for the purchase.