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15-3.2 The following equity investment transactions were completed by Romero Company during a recent year: Apr.10Purchased 4,000 shares of Dixon Company for a price of

15-3.2 The following equity investment transactions were completed by Romero Company during a recent year:

Apr.10Purchased 4,000 shares of Dixon Company for a price of $52 per share plus a brokerage commission of $105.July8Received a quarterly dividend of $0.50 per share on the Dixon Company investment.Sept.10Sold 1,200 shares for a price of $42 per share less a brokerage commission of $90.

JOURNAL

ACCOUNTING EQUATION

DATEDESCRIPTIONPOST. REF.DEBITCREDITASSETSLIABILITIESEQUITY1

The entries for the transactions. Refer to the Chart of Accounts for exact wording of account titles. When required, round your answers to the nearest dollar.

PAGE 10

JOURNAL

ACCOUNTING EQUATION

DATE

DESCRIPTION

POST. REF.

DEBIT

CREDIT

ASSETS

LIABILITIES

EQUITY

1

2

3

4

5

6

7

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