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Ivanhoe Company had the following transactions pertaining to its short-term stock investments. Jan. 1 June 1 Sept. 15 Purchased 1,000 shares of Oriole Company

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Ivanhoe Company had the following transactions pertaining to its short-term stock investments. Jan. 1 June 1 Sept. 15 Purchased 1,000 shares of Oriole Company stock for $24,500 cash. Received cash dividends of $0.70 per share on the Oriole Company stock. Sold 420 shares of the Oriole Company stock for $5,050. Dec. 1 Received cash dividends of $0.70 per share on the Oriole Company stock. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

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