Entries for Investment in Stock, Receipt of Dividends, and Sale of Shares On February 22, Stewart Corporation acquired 4,500 shares of the 160,000 outstanding shares of Edwards Co. common stock at $39.90 plus commission charges of $450. On June 1, a cash dividend of $1.10 per share was received. On November 12, 1,500 shares were sold at $48 less commission charges of $180. In your computations, round per share amounts to two decimal places. When required, round final answers to the nearest dollar. a. Using the cost method, journalize the entry for the purchase of stock. Feb. 22 Investments-Edwards Co. Stock Cash V Feedback Check My Work a. When recording the purchase of the investment, consider the amount of the brokerage commission b. Using the cost method, journalize the entry for the receipt of dividends. June 1 Cash Dividend Revenue 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 Cash Gain on Sale of Investments Investments-Edwards Co. Stock Feedback