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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 3,700 shares of Dixon Company for a price of $59.75 per share plus a brokerage commission of $925. |
| July 8. | Received a quarterly dividend of $0.35 per share on the Dixon Company investment. |
| Sept. 10. | Sold 2,500 shares for a price of $53 per share less a brokerage commission of $520. |
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 | fill in the blank 2 | |
| Cash | fill in the blank 4 | ||
| July 8 - Dividend | Cash | fill in the blank 6 | |
| Dividend Revenue | fill in the blank 8 | ||
| Sept. 10 - Sale | Cash | fill in the blank 10 | fill in the blank 11 |
| Loss on Sale of Investments | fill in the blank 13 | fill in the blank 14 | |
| Investments-Dixon Company Stock | fill in the blank 16 |
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