Classifying and accounting for stock investments

Brown Package Corporation generated excess cash and invested in securities, as follows:

2014

Jul 2	Purchased 3,300 shares of TJF, Inc. common stock at $13.00 per share. Brown holds the stock in its active trading account and plans to sell the stock within three months, when the company will need the cash for normal operations
Aug 21	Received a cash dividend of $0.50 per share on the TJF stock investment
Sep 16	Sold the TJF stock for $13.80 per share
Oct 8	Purchase 500 shares of Seanco stock at $15.00 per share. The stock for less than five months.
Dec 31	Seanco stocks current market price is $16.00 per share

Requirements

Classify each of the investments made during 2014. (Assume the investments represent less than 20% of ownership of outstanding voting stock.)

Journalize the 2014 transaction. Explanations are not required.

Prepare T-accounts for the investment assets and show how to report the investments on Browns balance sheet at December 31, 2014