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eBook Apr. Show Me How 10. Purchased 11,000 shares of Delew Company's common stock for a price of $60 per share plus a brokerage
eBook Apr. Show Me How 10. Purchased 11,000 shares of Delew Company's common stock for a price of $60 per share plus a brokerage commission of $220. Delew Company has 250,000 shares of common stock outstanding. July 8. Received a quarterly dividend of $0.85 per share on the Delew Company Investment. Sept. 10. Sold 3,000 shares for a price of $54 per share less a brokerage commission of $90. Dec. 31. At the end of the accounting period, the fair value of the remaining 8,000 shares of Delew Company's stock was $59.90 per share. Journalize the entries for these transactions. If an amount box does not require an entry, leave it blank. If required, round the final answers to the nearest dollar. Apr. 10- Purchase Investments-Delew Company Stock Cash 660,220 660,220 July 8 - Dividend Cash Dividend Revenue Sept. 10 Sale Cash Dec. 31 Loss on Sale of Investments Investments-Delew Company Stock Unrealized Loss on Equity Investments Valuation Allowance for Equity Investments 9,350 9,350 161,910 V 18,150 V 180,060 X E MO
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