Encore Design Inc. produces and sells theater set designs and costumes. The following transactions relate to certain securities acquired by Encore Design Inc., which has a fiscal year ending on December 31:

{Instructions}
Journalize the entries for the preceding transactions.obj. 5

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2006 Feb. 10. Purchased 8,000 shares of the 150,000 outstanding common shares of Mode Corporation at 36 plus commission and other costs of $864. July 15. Received the regular cash dividend of $1.10 a share on Mode Corporation stock. Dec. 15. Received the regular cash dividend of $1.10 a share plus an extra dividend of $0.05 a share on Mode Corporation stock. 2009 (Assume that all intervening transactions have been recorded properly and that the number of shares of stock owned have not changed from December 31, 2006, to December 31, 2008.) Jan. 3. Purchased controlling interest in Applause Inc. for $675,000 by purchasing 30,000 shares directly from the estate of the founder of Applause. There are 100,000 shares of Applause Inc. stock outstanding. Apr. 14. Received the regular cash dividend of $1.10 a share and a 2% stock dividend on the Mode Corporation stock. July 26. Sold 1,000 shares of Mode Corporation stock at 32. The broker deducted com- mission and other costs of $125, remitting the balance. Dec. 15. Received a cash dividend at the new rate of $1.20 a share on the Mode Corpo- ration stock. 31. Received $12,500 of cash dividends on Applause Inc. stock. Applause Inc. reported net income of $325,000 in 2009. Encore Design uses the equity method of accounting for its investment in Applause Inc.