On August 15, Blockstar Company buys 2,100 shares of Netvision common stock for $48,000, plus brokerage fees

Question:

On August 15, Blockstar Company buys 2,100 shares of Netvision for $48,000, plus brokerage fees of $300. On October 31, Blockstar sells 500 shares of Netvision stock for $12,500, less brokerage fees of $500.
Instructions
Prepare journal entries for the purchase and sale of the Netvision common stock.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...