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In 2022 Aspen Company was involved in the following inter corporate stock investments; 3/7 Aspen purchased #2,000 shares of Jeter Company common stock for $50.00
In 2022 Aspen Company was involved in the following inter corporate stock investments; 3/7 Aspen purchased #2,000 shares of Jeter Company common stock for $50.00 per share 4/1 Aspen received a $1.00 per share cash dividend on the Jeter Company stock 6/9 Aspen Company sold the #2,000 shares of Jeter Company stock for $42.00 per share Required: Prepare the necessary journal entries for the above transactions.
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