Entries for investment in stock, receipt of dividends, and sale of shares Journal Instructions On March 4, Breen Corporation acquired 7,800 shares of the 200,000 outstanding shares of Melton Co. common stock at $41 plus commission charges of $200. On June 15, a cash dividend of $2.20 per share was received. On October 12, 2,600 shares were sold at $46, less commission charges of $160 Using the cost method, journalize the entries for (a) the purchase of stock, (b) the receipt of dividends, and (C) the sale of 2,600 shares. Refer to the Chart of Accounts for exact wordling of account tiaies. When required, round your answers to the nearest dollar Chart of Accounts CHART OF ACCOUNTS Breen Corporation General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 611 Interest Revenue Previous Next hack My Work