31. Jackson Company engaged in the following investment transactions during the current year.

Feb. 17 Purchased 580 shares of Medical Company common stock for $15 per share plus a brokerage commission of $150. Jackson does not have significant influence over Medical and expects to hold the security for a short amount of time. April 1 Bought 38,000 of the 100,000 outstanding shares of Olde Company for $380,000. Goodwill of $88,000 was included in the price. June 25 Received a $1.30 per share dividend on Medical Company stock. June 30 Olde Company reported second-quarter profits of $28,000. Oct. 1 Purchased 2,800 bonds of Alpha Company for $14 per bond plus a brokerage fee of $480. These bonds are classified as securities available-for-sale. Dec. 31 Medical Co. shares are selling for $20 and Alpha bonds are selling for $11. Required: Prepare the appropriate journal entries to record the transactions for the year, including year-end adjustments. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Jackson Company engaged in the following investment transactions during the current year. Feb. April 17 Purchased 580 shares of Medical Company common stock for $15 per share plus a brokerage commission of $150. Jackson does not have significant influence over Medical and expects to hold the security for a short amount of time. 1 Bought 38,000 of the 100,000 outstanding shares of Olde Company for $380,000. Goodwill of $88,000 was included in the price. 25 Received a $1.30 per share dividend on Medical Company stock. 30 Olde Company reported second-quarter profits of $28,000. 1 Purchased 2,800 bonds of Alpha Company for $14 per bond plus a brokerage fee of $480. These bonds are classified as securities available-for-sale. 31 Medical Co. shares are selling for $20 and Alpha bonds are selling for $11. June June Oct. Dec. Required: Prepare the appropriate journal entries to record the transactions for the year, including year-end adjustments. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 > Record the purchase of the Medical Company common stock. Note: Enter debits before credits. Date General Journal Debit Credit Feb 17 Record entry Clear entry View general journal Journal entry worksheet Record the purchase of the Olde Company common stock. Note: Enter debits before credits. Date General Journal Debit Credit Apr 01 Record entry Clear entry View general journal Journal entry worksheet Record the purchase of the Alpha Company bonds. Note: Enter debits before credits. Date General Journal Debit Credit Oct 01 Record entry Clear entry View general journal Journal entry worksheet Record the gain or loss on the Medical Company common stock. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Journal entry worksheet