E9-7 Assessing Financial Statement Effects of Marketable Equity Securities

Use the financial statement effects template to record the following four transactions involving investments in marketable equity securities. Assume that these transactions occur in 2018

a. Purchased 18,000 common shares of Beez Inc. for $12 cash per share

b. Received cash dividend of $1.20 per common share from Baez

c. Year-end market price of Baez common stock was $11.25 per share

d. Sold all 18000 common shares of Bez for $213,600