eBook Show Me How Calculator Print Item Stock Investment Transactions On September 12, 3,200 shares of Aspen Company are acquired at a price of $56.00 per share plus a $160 brokerage commission. On October 15, a $1.10-per-share dividend was received on the Aspen Company stock. On November 10, 1,280.00 shares of the Aspen Company stock were sold for $50 per share less a $64 brokerage commission. When required, round final answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank. Prepare the journal entries for the original purchase, the dividend, and the sale under the cost method. Sept. 12 Investments-Aspen Company Stock 163,360 X Cash 163,360 X Oct. 15 Cash 3,520 Dividend Receivable x 3.520 Cash Nov. 10 X 57,536 Loss on Sale of Investments 4,808 X Investments-Aspen Company Stock 65,344 X Feedback Check My Work When recording the purchase of the investment, consider the amount of the brokerage commission. Calculator Print item eBook Show Me How Equity Method On January 2, Yorkshire Company acquired 42% of the outstanding stock of Fain Company for $300,000. For the year ended December 31, Fain Company earned income of $78,000 and paid dividends of $24,000. Prepare the entries for Yorkshire Company for the purchase of the stock, the share of Fain income, and the dividends received from Fain Company, Jan, 2 - Purchase Dec. 31-Income O O O O O O Dec. 31 - Dividends