ackson Company engaged in the following investment transactions during the current year.

February 17	Purchased 460 shares of Medical Company common stock for $15 per share plus a brokerage commission of $150. Jackson does not have significant influence over Medical.
April 1	Bought 26,000 of the 100,000 outstanding shares of Olde Company for $260,000. Goodwill of $76,000 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 $16,000.
October 1	Purchased 1,600 bonds of Alpha Company for $14 per bond plus a brokerage fee of $360. These bonds are classified as securities available-for-sale.
December 31	Medical Company 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.

Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.

Journal entry worksheet

• Record the purchase of the Medical Company common stock.
• Record the purchase of the Olde Company common stock.
• Record the receipt of dividends on the Medical Company stock.
• Record the investment revenue for Olde Company.
• Record the purchase of the Alpha Company bonds.
• Record the gain or loss on the Medical Company common stock.
• Record the gain or loss on the Alpha Company common stock.