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Bosch Company had these transactions pertaining to stock investments Feb. 1 Purchased 5,000 shares of Rail Company (10%) for $89,000 cash. June 1 Received cash

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Bosch Company had these transactions pertaining to stock investments Feb. 1 Purchased 5,000 shares of Rail Company (10%) for $89,000 cash. June 1 Received cash dividends of $1 per share on Rail stock. Oct. 1 Sold 2,000 shares of Rail stock for $39,000. Dec. 1 Received cash dividends of $2 per share on Rail stock The entry to record the receipt of the dividends Dec. 1 would include a debit to Stock Investments of $6,000. credit to Dividend Revenue of $6,000. debit to Dividend Revenue of $6,000. credit to the Stock Investments of $6,000

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