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

Feb. 17 Purchased 420 shares of Medical Company common stock for $20 per share plus a brokerage commission of $100 Jackson does not have significant influence over Medical April 1 Bought 22,000 of the 100,000 outstanding shares of olde Company for $220,000 Goodwill of $72,000 was included in the price June 25 Received a $1.20 per share dividend on Medical Company stock June 30 Olde Company reported second-quarter profits of $12,000 Oct. 1 Purchased 1,200 bonds of Alpha Company for $15 per bond plus a brokerage fee of $320. These bonds are classified as securities available for sale Dec. 31 Medical Co. shares are selling for $25 and Alpha stock is selling for $12 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.) Purchased 420 shares of Medical Company common stock for $20 per share plus a brokerage commission of $100. Jackson does not have significant influence over Medical 1 Bought 22,000 of the 100,000 outstanding shares of Olde Company for $220,000. Goodwill of $72,000 was included in the price. 2 3 Received a $1.20 per share dividend on Medical Company stock. Olde Company reported second-quarter profits of $12,000 4 5 Purchased 1,200 bonds of Alpha Company for $15 per bond plus a brokerage fee of $320. These bonds are classified as securities available for sale. 6 Medical Co. shares are selling for $25. 7 Alpha stock is selling for $12