Murray Corp. manufactures surveying equipment. Journalize the entries to record the following selected equity investment transactions completed by Murray during 2014:

Jan. 16. Purchased for cash 3,000 shares of McDowell Inc. stock for $25 per share plus a $140 brokerage commission.

Mar. 23. Received dividends of $0.46 per share on McDowell Inc. stock.

May 25. Purchased 1,000 shares of McDowell Inc. stock for $35 per share plus a $160 brokerage commission.

July 10. Sold 3,200 shares of McDowell Inc. stock for $40 per share less a $200 brokerage commission. Murray assumes that the first investments purchased are the first investments sold.

Oct. 12. Received dividends of $0.51 per share on McDowell Inc. stock.