=+EX 15-6 Entries for investment in stock, receipt of dividends, and sale of shares obj. 3

✔ June 3, Loss on sale of investments,

$12,725 Plumbline Tech Corp. manufactures surveying equipment. Journalize the entries to record the following selected equity investment transactions completed by Plumbline during 2010:

Feb. 2. Purchased for cash 900 shares of Devon Inc. stock for $54 per share plus a

$450 brokerage commission.

Apr. 16. Received dividends of $0.25 per share on Devon Inc. stock.

June 17. Purchased 600 shares of Devon Inc. stock for $65 per share plus a $300 brokerage commission.

Aug. 19. Sold 1,000 shares of Devon Inc. stock for $70 per share less a $500 brokerage