Question
Entries for Investment in Stock, Receipt of Dividends, and Sale of Shares The following equity investment transactions were completed by Romero Company during a recent
Entries for Investment in Stock, Receipt of Dividends, and Sale of Shares The following equity investment transactions were completed by Romero Company during a recent year: Apr. 10. Purchased 3,400 shares of Dixon Company for a price of $61.5 per share plus a brokerage commission of $1,700. July 8. Received a quarterly dividend of $0.2 per share on the Dixon Company investment. Sept. 10. Sold 2,300 shares for a price of $55 per share less a brokerage commission of $950. Journalize the entries for these transactions. If required, round the final answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank. Apr. 10 - Purchase Investments-Dixon Company Stock Cash July 8 - Dividend Cash Dividend Revenue Sept. 10 - Sale Cash Loss on Sale of Investments Investments-Dixon Company Stock
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