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Hulse Company had the following transactions pertaining to stock investments. Feb. 1 Purchased 700 shares of Wade common stock (2%) for $8, 400 cash. July
Hulse Company had the following transactions pertaining to stock investments. Feb. 1 Purchased 700 shares of Wade common stock (2%) for $8, 400 cash. July 1 Received cash dividends of $1 per share on Wade common stock. Sept. 1 Sold 350 shares of Wade common stock for $5, 775. Dec. 1 Received cash dividends of $1 per share on Wade common stock. Journalize the transactions. (Round answers to 0 decimal places, e.g. 5, 275. Credit account titles are automatically Indented when amount Is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
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