Hombolt Industries, Inc. buys and sells investments as part of its ongoing cash management. The following investment transactions were completed during the year:
Feb. 6. Acquired 500 shares of Randolph Co. stock for $112 per share plus a $125 brokerage commission.
Apr. 21. Acquired 1,400 shares of Sterling Co. stock for $28 per share plus a $98 commission.
Aug. 15. Sold 200 shares of Randolph Co. stock for $124 per share less an $80 brokerage commission.
Sept. 8. Sold 500 shares of Sterling Co. stock for $22.50 per share less a $70 brokerage commission.
Oct. 31. Received dividends of $0.26 per share on Randolph Co. stock. Journalize the entries for these transactions.