For the following transactions involving investments in marketable securities, assume that:

(1)	Ohlson Co. purchases 5,000 common shares of Freeman Co. at $16 cash per share.
(2)	Ohlson Co. receives a cash dividend of $1.25 per common share from Freeman.
(3)	Year-end market price of Freeman common stock is $17.50 per share.
(4)	Ohlson Co. sells all 5,000 common shares of Freeman for $86,400 cash.

a. Prepare journal entries to record the four transactions.

b. Post the journal entries from a to their respective T-accounts.

c. Record each of the transactions from a in the financial statement effects template.

a.

General Journal
	Description	Debit	Credit
(1)	AnswerCashInvestment in Freeman Co.Dividend IncomeUnrealized GainUnrealized LossGain on Sale of Investment in Freeman Co.Loss on Sale of Investment in Freeman Co.	Answer	Answer
	AnswerCashInvestment in Freeman Co.Dividend IncomeUnrealized GainUnrealized LossGain on Sale of Investment in Freeman Co.Loss on Sale of Investment in Freeman Co.	Answer	Answer
(2)	AnswerCashInvestment in Freeman Co.Dividend IncomeUnrealized GainUnrealized LossGain on Sale of Investment in Freeman Co.Loss on Sale of Investment in Freeman Co.	Answer	Answer
	AnswerCashInvestment in Freeman Co.Dividend IncomeUnrealized GainUnrealized LossGain on Sale of Investment in Freeman Co.Loss on Sale of Investment in Freeman Co.	Answer	Answer
(3)	AnswerCashInvestment in Freeman Co.Dividend IncomeUnrealized GainUnrealized LossGain on Sale of Investment in Freeman Co.Loss on Sale of Investment in Freeman Co.	Answer	Answer
	AnswerCashInvestment in Freeman Co.Dividend IncomeUnrealized GainUnrealized LossGain on Sale of Investment in Freeman Co.Loss on Sale of Investment in Freeman Co.	Answer	Answer
(4)	Cash	Answer	Answer
	AnswerCashInvestment in Freeman Co.Dividend IncomeUnrealized GainUnrealized LossGain on Sale of Investment in Freeman Co.Loss on Sale of Investment in Freeman Co.	Answer	Answer
	AnswerCashInvestment in Freeman Co.Dividend IncomeUnrealized GainUnrealized LossGain on Sale of Investment in Freeman Co.Loss on Sale of Investment in Freeman Co.	Answer	Answer

b.

Cash (A)
(1)	Answer	Answer
(2)	Answer	Answer
(3)	Answer	Answer
(4)	Answer	Answer

Investment in Freeman Co.(A)
(1)	Answer	Answer
(2)	Answer	Answer
(3)	Answer	Answer
(4)	Answer	Answer

Loss on Sale of Investment in Freeman Co. (E)
(1)	Answer	Answer
(2)	Answer	Answer
(3)	Answer	Answer
(4)	Answer	Answer

Unrealized Gain (R)
(1)	Answer	Answer
(2)	Answer	Answer
(3)	Answer	Answer
(4)	Answer	Answer

Dividend Income (R)
(1)	Answer	Answer
(2)	Answer	Answer
(3)	Answer	Answer
(4)	Answer	Answer