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BE 130: Stein Company had the following transactions pertaining to its short-term stock investments. Jan.1Purchased 600 shares of Rice Company stock for $6,700 cash plus
BE 130: Stein Company had the following transactions pertaining to its short-term stock investments. Jan.1Purchased 600 shares of Rice Company stock for $6,700 cash plus brokerage fees of $350. June1Received cash dividends of $0.60 per share on the Rice Company stock.Sept. 15Sold 300 shares of the Rice Company stock for $3,500 less brokerage fees of $200. Instructions Journalize the transactions.
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