Jackson Company engaged in the following investment transactions during the current year.

Feb.		17		Purchased 450 shares of Medical Company common stock for $20 per share plus a brokerage commission of $100. Jackson does not have significant influence over Medical.
April		1		Bought 25,000 of the 100,000 outstanding shares of Olde Company for $250,000. Goodwill of $75,000 was included in the price.
June		25		Received a $1.20 per share dividend on Medical Company stock.
June		30		Olde Company reported second-quarter profits of $15,000.
Oct.		1		Purchased 1,500 bonds of Alpha Company for $15 per bond plus a brokerage fee of $350. These bonds are classified as securities available-for-sale.
Dec.		31		Medical Co. 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

View transaction list Journal entry worksheet View transaction list Journal entry worksheet 1 2 3 4 5 6 7 Record the purchase of the Olde Company common stock. Note: Enter debits before credits. Date Apr 01 Record entry General Journal Clear entry Debit Credit View general journal View transaction list Journal entry worksheet View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the gain or loss on the Medical Company common stock. Note: Enter debits before credits. Date Dec 31 Record entry General Journal 7 Clear entry Debit Credit View general journal View transaction list Journal entry worksheet 1 2