McCormick Inc. had these transactions pertaining to investments in common stock: section*{Instructions} Journalize the transactions. Jan. 1

McCormick Inc. had these transactions pertaining to investments in common stock:

\section*{Instructions}
Journalize the transactions.

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Jan. 1 Purchased 1,000 shares of Starr Corporation common stock (5%) for $70,000 cash plus $1,400 broker's commission. July 1 Dec. 1 Received a cash dividend of $9 per share. Sold 500 shares of Starr Corporation common stock for $37,000 cash less $800 broker's commission. 31 Received a cash dividend of $9 per share.