Journalize the following investment transactions of Russell Corp.: 2017 Nov. 6 Purchased 1,200 common shares of Aveda
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2017
Nov. 6 Purchased 1,200 common shares of Aveda Corporation at $78.00 per share, with brokerage commission of $500. The shares will be sold early in 2018.
30 Received a cash dividend of $3.85 per share on the Aveda Corporation investment.
Dec. 31 The share price for Aveda Corporation's common shares was $76.25 on December 31, 2017, which is Russell Corp.'s year end.
2018
Jun. 14 Sold the Aveda Corporation shares for $79.50 per share. Brokerage fees were $400.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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