Chapter 15 westments and Fal Value Accounting 597 May 26, Loss on sale of investments, EX 15-7 Entries for investment in stock, receipt of dividends, and sale of shares in 2014: The following equity investment transactions were completed by Reynolds Company Feb. 8. Purchased 2,400 shares of Tybee Company for a price of $62 per stare plus a brokerage commission of $120. Apr. 22 Received a quarterly dividend of $0.60 per share on the Tybee Company investment. May 26. Sold 1,000 shares for a price of $52 per share less a brokerage commission of $60. s1@110 Journalize the entries for these transactions