Investments in Stock Atlas Superstores occasionally fi nds itself with excess cash to invest and consequently entered into the following transactions during 2010:

Jan. 15: Purchased 200 shares of Bassett common stock at $50 per share, plus $500 in commissions.

May 23: Received dividends of $2 per share on the Bassett stock.

June 1: Purchased 100 shares of Boxer stock at $74 per share, plus $300 in commissions.

Oct. 20: Sold all of the Bassett stock at $42 per share, less commissions of $400.

Dec. 15: Received notifi cation from Boxer that a $1.50-per-share dividend had been declared. The checks will be mailed to stockholders on January 10, 2011.

Required Identify and analyze all transactions on the books of Atlas Superstores during 2010, including any necessary adjustment on December 15 when the dividend was declared.

AppendixLO1