Instructions On January 23, 10,000 shares of Tolle Company are acquired at a price of $30 per share plus a $100 brokerage commission. On April 12. a $0.50-per-share dividend was received on the Tolle Company stock. On June 10, 4,000 shares of the Toller Company stock were sold to $34 per share less a $100 brokerage commission Prepare the journal entries for the original purchase, the dividend, and the sale under the cost method. Refer to the Chart of Accounts for exact wording of account deles. ccounts CHART OF ACCOUNTS General Ledger ASSETS REVENUE 410 Sales 10 Cash 11 Petty Cash 611 Interest Revenue 20 Accounts Receivable 612 Dividend Revenue 21 Allowance for Doubtful Accounts 621 Income of Tolle Company 31 Notes Receivable 631 Gain on Sale of Investments 132 Interest Receivable 641 Unrealized Gain on Trading Investm I EXPENSES 141 Merchandise Inventory 145 Office Supplies 161 Investments-Tolle Company Stock 165 Valuation Allowance for Trading Investments 511 Cost of Merchandise Sold 512 Bad Debt Expense 166 Valuation Allowance for Available-for-Sale Investments 516 Cash Short and Over 181 Land 520 Salaries Expense 193 Office Equipment 531 Advertising Expense estment transactions tions Chart of Accounts Journal 562 Depreciation Expense-Office Equipment of Accounts 210 Accounts Payable 221 Notes Payable 231 Interest Payable 241 Salaries Payable 590 Miscellaneous Expense 710 Interest Expense 721 Loss of Tolle Company 731 Loss on Sale of Investments 741 Unrealized Loss on Trading Investments EQUITY 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock 321 Preferred Stock 322 Paid-In Capital in Excess of Par-Preferred Stock 331 Treasury Stock 332 Paid-In Capital from Sale of Treasury Stock 340 Retained Earnings 350 Unrealized Gain (Loss) on Available for Sale Investments 351 Cash Dividends 352 Stock Dividends I 390 Income Summary ork All work saved. Email In: x x Prepare the journal entries for the original purchase, the dividend, and the sale under the cost method. Refer to the Chart of Accounts for exact wording of accounties PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST REF DEBIT 1 CREDIT ASSETS LIABLITIES EQUITY 2 1 4 5 6 T