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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 900 shares of Tett Co. stock for $131 per share plus a $261 brokerage commission. May 16 Acquired 1,600 shares of Issacson Co. stock for $33 per share plus a $144 commission. July 14 Sold 400 shares of Tett Co. stock for $145 per share less a $94 brokerage commission. Aug. 12 Sold 600 shares of Issacson Co. stock for $26 per share less a $81 brokerage commission Oct. 31 Received dividends of $0.42 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 14Y July 14 Aug. 12 Oct. 31
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