Journal entries for holdings of marketable equity securities. Events related to Vermont Company's investment in the common stock of Texas Instruments appear below. Vermont Company closes its books on December 3 1 of each year.

8/21 Vermont Company purchases 1.000 shares of Texas Instruments' common stock for $45 per share as an investment of temporarily excess cash (classified as Securities Available for Sale).

9/13 The stockbroker for Vermont Company calls to report that the shares of Texas Instruments clo.sed on the preceding day at $48 per share.

9/30 Texas Instruments declares a dividend of $.50 per share.

10/25 Vermont Company receives a dividend check from Texas Instruments for $500.

12/31 The stockbroker calls Vermont Company to report that Texas Instruments'

shares clo.sed the year at $5 1 per share. Vermont Company closes its books for the year.

1/20 Vermont Company sells 600 shares for $55 per share, the closing price for the day.

Prepare dated journal entries as required by these events. Ignore income taxes.

(Appendix)