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Entries for Stock Investments, Dividends, and Sale of Stock Seamus Industries Inc. buys and sells investments as part of its ongoing cash management. The following
Entries for Stock Investments, Dividends, and Sale of Stock
Seamus Industries Inc. buys and sells investments as part of its ongoing cash management. The following investment transactions were completed during the year:
Feb. 24 | Acquired 300 shares of Tett Co. stock for $161 per share plus a $69 brokerage commission. |
May 16 | Acquired 1,900 shares of Issacson Co. stock for $42 per share plus a $190 commission. |
July 14 | Sold 100 shares of Tett Co. stock for $179 per share less a $116 brokerage commission. |
Aug. 12 | Sold 700 shares of Issacson Co. stock for $33 per share less a $102 brokerage commission. |
Oct. 31 | Received dividends of $0.32 per share on Tett Co. stock. |
Journalize the entries for these transactions.
In your computations, round per share amounts to two decimal places. When required, round final answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank.
Feb. 24 | |||
May 16 | |||
July 14 | |||
Aug. 12 | |||
Oct. 31 | |||
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