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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 700 shares of Tett Co. stock for $130 per share plus a $280 brokerage commission. May 16 Acquired 2,400 shares of Issacson Co. stock for $38 per share plus a $264 commission. July 14 Sold 300 shares of Tett Co. stock for $144 per share less a $94 brokerage commission Aug. 12 Sold 900 shares of Issacson Co. stock for $30 per share less a $93 brokerage commission Oct. 31 Received dividends of $0.34 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 Jul 10 July 14 I LJUDI Aug. 12 Oct. 31 Received dividends of $0.34 per share on Test Onstad 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 bank Feb. 24 May 16 July 14 I l III III I I ll lll Aug. 12 Oct. 31
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