Investment in Trading Securities—Journal Entries Prepare the journal entries to account for the following investment transactions of Samuelson Company:

2008 July 1 Purchased 350 shares of Bateman Company stock at $22 per share plus a brokerage fee of $600. The Bateman stock is classified as trading.

Oct. 31 Received a cash dividend of $2.00 per share on the Bateman Company stock.

Dec. 31 At year-end, Bateman Company stock had a market price of $19 per share.

2009 Feb. 20 Sold 175 shares of the Bateman Company stock for $26 per share.

Oct. 31 Received a cash dividend of $2.20 per share on the Bateman Company stock.

Dec. 31 At year-end, Bateman Company stock had a market price of $29 per share.