Houston Company engaged in the following investment transactions during the current year. Feb. 17 Purchased 560 shares of Medical Company common stock for $20 per share plus a brokerage commission of $100. Houston does not have significant influence over Medical Company. April 1 Bought 36,000 of the 100,000 outstanding shares of Olde Company for $360,000. Goodwill of $86,000 was included in the price. June 25 Received $1.20 per share dividend on Medical Company stock. June 30 Olde reported second-quarter profits of $26,000. Oct. 1 Purchased 2,600 bonds of Alpha Company for $15 per bond plus a brokerage fee of $460. These bonds are classified as securities available-for-sale. Dec. 31 Medical Company shares are selling for $25 and Alpha bonds are selling for $12. Required: Prepare the appropriate journal entries to record the transactions for the year, including year-end adjustments. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 > Record the purchase of the Medical Company common stock. Note: Enter debits before credits. Date General Journal Debit Credit Feb 17 Houston Company engaged in the following investment transactions during the current year. Feb. April June June Oct. 17 Purchased 560 shares of Medical Company common stock for $20 per share plus a brokerage commission of $100. Houston does not have significant influence over Medical Company. 1 Bought 36,000 of the 100,000 outstanding shares of Olde Company for $360,000. Goodwill of $86,000 was included in the price. 25 Received a $1.20 per share dividend on Medical Company stock. 30 Olde reported second-quarter profits of $26,000. 1 Purchased 2,600 bonds of Alpha Company for $15 per bond plus a brokerage fee of $460. These bonds are classified as securities available-for-sale. 31 Medical Company shares are selling for $25 and Alpha bonds are selling for $12. Dec. Required: Prepare the appropriate journal entries to record the transactions for the year, including year-end adjustments. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 > Record the purchase of the Olde Company common stock. Note: Enter debits before credits. Date General Journal Debit Credit Apr 01 Houston Company engaged in the following investment transactions during the current year. Feb. April June June Oct. 17 Purchased 560 shares of Medical Company common stock for $20 per share plus a brokerage comission of $100. Houston does not have significant influence over Medical Company. 1 Bought 36,000 of the 100,000 outstanding shares of Olde Company for $360,000. Goodwill of $86,000 was included in the price. 25 Received a $1.20 per share dividend on Medical Company stock. 30 Olde reported second-quarter profits of $26,000. 1 Purchased 2,600 bonds of Alpha Company for $15 per bond plus a brokerage fee of $460. These bonds are classified as securities available-for-sale. 31 Medical Company shares are selling for $25 and Alpha bonds are selling for $12. Dec. Required: Prepare the appropriate journal entries to record the transactions for the year, including year-end adjustments. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the receipt of dividends on the Medical Company stock. Note: Enter debits before credits. Date General Journal Debit Credit Jun 25 Houston Company engaged in the following investment transactions during the current year. Feb. April June June Oct. 17 Purchased 560 shares of Medical Company common stock for $20 per share plus a brokerage commission of $100. Houston does not have significant influence over Medical Company. 1 Bought 36,000 of the 100,000 outstanding shares of Olde Company for $360,000. Goodwill of $86,000 was included in the price. 25 Received a $1.20 per share dividend on Medical Company stock. 30 Olde reported second-quarter profits of $26,000. 1 Purchased 2,600 bonds of Alpha Company for $15 per bond plus a brokerage fee of $460. These bonds are classified as securities available-for-sale. 31 Medical Company shares are selling for $25 and Alpha bonds are selling for $12. Dec. Required: Prepare the appropriate journal entries to record the transactions for the year, including year-end adjustments. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the investment revenue for Olde Company. Note: Enter debits before credits. Date General Journal Debit Credit Jun 30 Houston Company engaged in the following investment transactions during the current year. Feb. April June June Oct. 17 Purchased 560 shares of Medical Company common stock for $20 per share plus a brokerage commission of $100. Houston does not have significant influence over Medical Company. 1 Bought 36,000 of the 100,000 outstanding shares of Olde Company for $360,000. Goodwill of $86,000 was included in the price. 25 Received a $1.20 per share dividend on Medical Company stock. 30 Olde reported second-quarter profits of $26,000. 1 Purchased 2,600 bonds of Alpha Company for $15 per bond plus a brokerage fee of $460. These bonds are classified as securities available-for-sale. 31 Medical Company shares are selling for $25 and Alpha bonds are selling for $12. Dec. Required: Prepare the appropriate journal entries to record the transactions for the year, including year-end adjustments. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of the Alpha Company bonds. Note: Enter debits before credits. Date General Journal Debit Credit Oct 01 Houston Company engaged in the following investment transactions during the current year. Feb. 17 Purchased 560 shares of Medical Company common stock for $20 per share plus a brokerage commission of $100. Houston does not have significant influence over Medical Company. April 1 Bought 36,000 of the 100,000 outstanding shares of Olde Company for $360,000. Goodwill of $86,000 was included in the price. June 25 Received a $1.20 per share dividend on Medical Company stock. June 30 Olde reported second-quarter profits of $26,000. Oct. 1 Purchased 2,600 bonds of Alpha Company for $15 per bond plus a brokerage fee of $460. These bonds are classified as securities available-for-sale. Dec. 31 Medical Company shares are selling for $25 and Alpha bonds are selling for $12. Required: Prepare the appropriate journal entries to record the transactions for the year, including year-end adjustments. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the gain or loss on the Medical Company common stock. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Houston Company engaged in the following investment transactions during the current year. Feb. 17 Purchased 560 shares of Medical Company common stock for $20 per share plus a brokerage commission of $100. Houston does not have significant influence over Medical Company. April 1 Bought 36,000 of the 100,000 outstanding shares of Olde Company for $360,000. Goodwill of $86,000 was included in the price. June 25 Received a $1.20 per share dividend on Medical Company stock. June 30 Olde reported second-quarter profits of $26,000. Oct. 1 Purchased 2,600 bonds of Alpha Company for $15 per bond plus a brokerage fee of $460. These bonds are classified as securities available-for-sale. 31 Medical Company shares are selling for $25 and Alpha bonds are selling for $12. Dec. Required: Prepare the appropriate journal entries to record the transactions for the year, including year-end adjustments. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the gain or loss on the Alpha Company common stock. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31