Seamus Industries Inc. buys and sells investments as part of its ongoing cash management. The following investment transactions were completed during the year:
Feb. 24. Acquired 2,000 shares of Tett Co. stock for $80 per share plus a $200 brokerage commission.
May 16. Acquired 2,000 shares of Issacson Co. stock for $40 per share plus a $100 commission.
July 14. Sold 500 shares of Tett Co. stock for $100 per share less a $50 brokerage commission.
Aug. 12. Sold 1,000 shares of Issacson Co. stock for $34 per share less an $80 brokerage commission.
Oct. 31. Received dividends of $0.30 per share on Tett Co. stock.
Journalize the entries for these transactions under the fair value method.