Entries for Investment in Stock, Receipt of Dividends, and Sale of Shares On February 22, Stewart Corporation acquired 4,400 shares of the 155,000 outstanding shares of Edwards Co. common stock at $23.85 plus commission charges of $660. On June 1, a cash dividend of $0.60 per share was received. On November 12, 1,500 shares were sold at $29 less commission charges of $1801 In your computations, round per share amounts to two decimal places. When required, round final answers to the nearest doilar. a. Using the cost method, journalize the entry for the purchase of stock. Feb. 22 b. Using the cost method, journalize the entry for the receipt of dividends. June 1 c. Using the cost method, journalize the entry for the sale of 1,500 shares. For a compound transaction, if an amount box does not require an entry, leave it blank. Nov. 12

twili 22 Bure 1