On May 2, 2017, Sysco Industries Inc. acquired 1,200 common shares of Computer Web Corp. at $40.50
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On May 2, 2017, Sysco Industries Inc. acquired 1,200 common shares of Computer Web Corp. at $40.50 per share. Sysco’s intent is to sell the shares within eight to ten months. On August 7, Sysco received dividends of $0.50 per share regarding the Computer Web investment. Record the entries on May 2 and August 7.
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Related Book For 
Fundamental Accounting Principles Volume 2
ISBN: 9781259087363
15th Canadian Edition
Authors: Kermit Larson, Heidi Dieckmann
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