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A company had the following transactions relating to stock investments with insignificant influence during the year. This is the first and only time the

A company had the following transactions relating to stock investments with insignificant influence during

A company had the following transactions relating to stock investments with insignificant influence during the year. This is the first and only time the company purchased such securities. May 4 Purchased 840 shares of Lobe Company stock at $130 per share.. July 1 Received a $4.50 per share cash dividend on the Lobe Company stock. September 15 Sold 360 shares of Lobe Company stock for $135 per share. December 31 Fair value (market price) of the Lobe Company stock is $134 per share. Prepare the required journal entries for these transactions.

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