1 D-4

2 D-5

HW 13 2 Stock Investment Transactions On September 12, 3,500 shares of Aspen Company were acquired at a price of $45 per share plus a $175 brokerage commission. On October 15, a $1.2-per-share dividend was received on the Aspen stock. On November 10, 1,400 shares of the Aspen stock were sold for $39 per share less a $70 brokerage commission. In your computations, round per share amounts to two decimal places. When required, round final answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank Journalize the entries to record the original purchase, the dividend, and the sale under the cost method. Sept. 12 - Purchase Investments - Aspen Company Stock 157,675 Cash 157,675 Oct. 15 - Dividend Cash 4,200 Dividend Revenue 4,200 Nov. 10 - Cash Sale 54,530 Loss on Sale of Investments Investments - Aspen Company Stock 102,970 X 157,500 x Check My Work Omore Check My Work uses remaining. Previous Next Entries for Stock Investments, Dividends, and Sale of Stock 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 600 shares of Tett Co. stock for $121 per share plus a $168 brokerage commission. May 16 Acquired 2,300 shares of Issacson Co. stock for $45 per share plus a $391 commission July 14 Sold 200 shares of Tett Co. stock for $134 per share less a $87 brokerage commission. Aug. 12 Sold 800 shares of Issacson Co. stock for $36 per share less a $112 brokerage commission. Oct. 31 Received dividends of $0.26 per share on Tett Co. stock. Journalize the entries for these transactions. In your computations, round per share amounts to two decimal places. When required, round final answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank. Feb. 24 May 16 1 Du July 14 89 Check My Work 2 more Check My Work uses remaining Previous Next Aug. 12 Sold 800 shares of Issacson Co. stock for $36 per share less a $112 brokerage commission Oct. 31 Received dividends of $0.26 per share on Tett Co. stock. Journalize the entries for these transactions. In your computations, round per share amounts to two decimal places. When required, round final answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank. Feb. 24 May 16 July 14 11 III Aug. 12 Oct. 31 Check My Work 2 more Check My Work uses remaining Previous Next >