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Jackson Company engaged in the following investment transactions during the current year. Febrwary 17 Purchased 50e shares of Medical Company comnon stock for $20 per

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Jackson Company engaged in the following investment transactions during the current year. Febrwary 17 Purchased 50e shares of Medical Company comnon stock for $20 per share plus a brokerage carmission of \$1ee, Jackson does not have significant influence over Medical. price. June 25 Received a $1.20 per share dividend on Medical Company stock. June 3e olde Company reported second-quarter profits of $20,080. October I Purchased 2, eee bonds of Alpha company for $15 per bond plus a brokerage fee of $40. These bonds are classified as securities available-for-sale. Decenber 31 Nedical 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. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field

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