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Entries for stock investments, dividends, and sale of stock Instructions Chart of Accounts Journal Instructions: Seamus Industries Inc. buys and sells investments as part
Entries for stock investments, dividends, and sale of stock Instructions Chart of Accounts Journal Instructions: Seamus Industries Inc. buys and sells investments as part of its ongoing cash management. The following investment transactions were completed during the year: 24 Acquired 900 shares of Tett Co. stock for $80 per share plus a $145 brokerage commission. Feb May 16 Acquired 2,400 shares of Issacson Co. stock for $35 per share plus a $100 commission. July Oct 38 Aug- 14 12 Sold 400 shares of Tett Co. stock for $102 per share less a $80 brokerage commission. 31 Sold 740 shares of Issacson Co. stock for $30.50 per share less an $80 brokerage commission. Received dividends of $0.50 per share on Tett Co. stock. Journalize the entries for these transactions. Refer to the Chart of Accounts for exact wording of account titles. When required, round your answers to the nearest dollar.
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