Entries for Stock Investments, Dividends, and Sale or 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 500 shares of Tett Co.'s stock for $111 per share plus a $155 brokerage commission.

Mav 16 Acquired 2.200 shares of Issacson Co.'s stock for $29 per share plus a $176 commission.

July 14

Sold 200 shares of Tett Co, stock for $123 per share less a $80 brokerage commission.

Aug. 12 Sold 800 shares of Issacson Co. stock for $23 per share less a $71 brokerage commission

Oct. 31 Received dividends of $0.26 per share on Tett Co. stock.

Dec. 31

At the end of the accounting period, the fair value of the remaining 300 shares of Tett Co. 'S stock was $111.51

per share. The fair value of the remaining 1,400 shares of Isaacson Co.'s stock was equal to its cost of $29.08

Der share

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. If an amount box

does not require an

end

Jeave it blank

does not require an entry, leave it blank. Feb. 24 May 16 July 14 Aug. 12 Oct. 31 Dec. 31