1. On February 12, Addison, Inc. purchased 6,000 shares of Lucas Company at $22 per share plus a $240 brokerage fee. On August 22, Lucas paid a $0.42 dividend per share. On November 10, 4,000 shares of Lucas stock were sold for $28 per share less a $160 brokerage fee. The journal entry for the sale would include:

		a debit to Cash for $111,840
		a credit to Investments for $112,000
		a credit to Loss on Sale for $23,680
		a debit to Cash for $112,000 2. On May 1, 2014, Stanton Company purchased $60,000 of Harris Company